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Lars Thuesen buys into airBaltic

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Danish investor buys stake held by German investor
Danish investor Lars Thuesen has informed Latvia’s national airline airBaltic that formalities have been completed for him to buy a 20% stake in the carrier.
The shareholding had previously been held by German investor Ralf-Dieter Montag-Girmes, a German national who bought the 20% stake towards the end of 2015 for €52 million.
As a result, Thuesen has become 100% owner of Aircraft Leasing 1 SIA, the investment vehicle that holds the 20% shareholding. The remaining 80% belongs to the Latvian state. The value of the deal was not disclosed.
Theusen is a banking and travel industry investor with a broad portfolio including companies in Denmark and the UK. He has in the past been involved with SAS – itself formerly an airBaltic shareholder – and British charter carrier Airtours, is currently on the board of Danish charter airline Jet Time and is director of Basisbank.
LSM / Baltic Course

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