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EC approves Riga Airport EUR 39.7 million recapitalisation Published by: Sandy Bhadare at 15 Mar 2021 Latvia and Latvian state-owned Riga International Airport have secured European Commission (EC) approval. Latvia and Latvian state-owned Riga International Airport have secured European Commission (EC) approval for a state recapitalisation of up to EUR 39.7 million. The recapitalisation monies include a EUR 35.2 million capital injection and a EUR 4.5 million waived dividend payment for financial year 2019. Covington & Burling acted as legal counsel to Latvia and state joint stock company Riga International Airport on securing approval for the recapitalisation, which was applied for under the EU’s Temporary Framework for state aid as the Covid-19 pandemic persists.

Johan ysewynCovington burlingSophie bertinSandy bhadareEuropean commissionCathay pacific airwaysRiga international airportTriga internationalRiga airportPacific airwaysகோவிங்டன் பர்லிங்சோஃபி பெர்டின்ஐரோப்பிய தரகுகேத்தே பெஸிஃபிக் வானெறிக்குழுப்பெயர்ரிகா சர்வதேச விமானரிகா சர்வதேச