Denmark’s government is to take a controlling share of the Kobenhavns Lufthavne, the operator of Copenhagen airport.
The Danish finance ministry says it has entered a “political agreement” with several political parties regarding the acquisition.
It has entered a conditional purchase deal with Danish pensions firm ATP to purchase just over 54% of the airport operator’s capital, giving the ministry at least 98%.
But once the transaction is completed, the government will work to reduce its stake so that it retains only a bare majority of 50.1%.
The ministry says the purchase will take place on market terms and will require regulatory approval.
“With the purchase agreement with ATP, the state will once again have the opportunity to achieve an even greater role in the ownership of Copenhagen airport than today,” says finance minister Nicolai Wammen.
He adds that the measure will also “future-proof” the airport with a “responsible and long-term” ownership, which will “ensure a good framework” for its positive contribution to the Danish economy.
Kobenhavns Lufthavne chief Christian Poulsen says the company needs “peace of mind” with regard to its ownership.
“We have ambitions for our company and for the green transformation of aviation,” he adds.
“The parties to the deal agree that Denmark must also, in the future, have a strong international airport that contributes significantly to Denmark’s accessibility and to the restructuring of our industry.
“It is positive for Danish infrastructure when the airport’s owner supports this need.”
Scandinavian operator SAS, which has its primary hub at Copenhagen, is backing the government’s decision.
It says the measure is “significant and forward-looking” and will “strengthen” the Danish infrastructure, adding that it will support investment and expansion.
“Strengthening Copenhagen airport as a global hub requires close collaboration between all stakeholders,” says chief executive Anko van der Werff.
“We warmly welcome the Danish state’s decision as it will facilitate the necessary alignment for stronger Scandinavian connectivity.”
