Denmark’s statutory pension fund ATP has entered into a final purchase agreement with Ontario Teachers’ Pension Plan board to acquire its ownership stake in the jointly owned holding company Kastrup Airports Parent ApS.

This follows the board’s decision to sell its indirect ownership stake in Copenhagen Airports A/S and is the result of ATP exercising a pre-agreed right of first offer.

The only thing that remains outstanding is the necessary clearance from the relevant regulatory authorities.

ATP said Copenhagen Airports has developed “significantly” under its joint ownership with Ontario Teachers’ Pension Plan.

It also said that after a “difficult” period for global aviation during the Covid-19 pandemic, the airport has spent the past few years restoring traffic and expanding capacity and is now in a “strong” financial position.

Commenting on the acquisition, ATP CEO, Martin Præstegaard, thanked Ontario Teachers’ Pension Plan for a “truly great” partnership in the ownership of CPH.

“We joined the airport in 2017 as a committed and long-term investor and we are pleased to have played an active role in the transformation of the airport,” he continued.

"Today, the airport is financially well-positioned for the future, and in just a few years, passengers will be welcomed to completely new facilities.

"This is a development that both we and Ontario Teachers’ Pension Plan can be proud to have actively contributed to – and a development that has taken place despite a few difficult years during Covid-19.”

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