Denmark plans to buy majority stake in Copenhagen Airports (updated)

Copenhagen Airports A/S

02/12/2024 11:26

(Adds quite in paragraph 3-4, detail in paragraphs 2 and 5)
       COPENHAGEN, Dec 2 (Reuters) - Denmark finance ministry
has entered into a conditional purchase agreement with the
Danish pension fund ATP to buy a further 59.4% of the shares in
Copenhagen Airports  KBHL.CO  for around 32 billion Danish
crowns ($4.52 billion).
    If the deal goes through, the Danish state will own 98.6% of
the company, which owns and operates Denmark's biggest airport
among other things, the ministry said in a statement. 
    "This will ensure that the airport will continue to have a
responsible and long-term group of owners in the future,"
Finance Minister Nicolai Wammen said.
        "We will secure a good framework for the airport as a
central Danish infrastructure and one of Denmark's largest
workplaces," he added.
  
        The purchase agreement had been made on market terms,
and the implementation was conditional on obtaining relevant
regulatory approvals among other things, the ministry said. 
  
($1 = 7.0866 Danish crowns)

 (Reporting by Stine Jacobsen, editing by Terje Solsvik)
 ((stine.jacobsen@thomsonreuters.com; +45 2156 90 10;))