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Brussels Playbook: Return of the vampires — Greek shipwreck — Climate target fail

Brussels Playbook: Return of the vampires — Greek shipwreck — Climate target fail
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EC approves Riga Airport EUR 39.7 million recapitalisation


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. ....

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