Ašeradens: Not airBaltic alone will be listed on stock exchange

The government has planned to consider the issue of listing state and local government companies on the stock exchange in January, and the list is not limited to the national airline airBaltic, Finance Minister Arvils Ašeradens (New Unity” said in an interview with Latvian Television on January 10.

“This document is on the table for me, we'll look into it in January in government,” Ašeradens said.

He pointed out that capital market development in Latvia is important because, for example, compared to the average capitalization rate in Europe, which is 50-60%, Latvia with 1.7% looks, “to say the least, strange.”

“This is not just a matter of directing one capital company [airBaltic], it is a very complex issue. For example, the Treasury is trying to issue savings bonds – it is quite good for us, because more than 200 million are sold and people are investing their free funds in securities,” explained Ašeradens.

The Minister said that a broad list of companies is being evaluated, not just airBaltic. He valued the Lithuanian government's interest in the acquisition of airBaltic shares as very good news.

The possibility of quoting the two telecommunication companies – LMT and Tet, as well as Latvenergo green energy subsidiary Latvian Wind Parks, and Rīga Heat, is also being evaluated.

“We will talk about this plan in January, but it is not about one company, but complex financial market development,” the minister noted.

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