Blackstone has met newly elected Latvian Prime Minister Ivars Godmanis in a bid to persuade the government to reverse its decision to block the US buyout group's 290m lats (â¬413m) bid for national telecommunications group Lattelecom.
The Latvian Government, which granted provisional approval for Blackstoneâs acquisition of a 51% stake in the business in August, shelved the deal following the election of the new Prime Minister last month. Godmanis confirmed the decision in a press conference yesterday.
