Pension funds to buy majority in Copenhagen airport operator

Markets Associated Press

Canadian and Danish pension funds have offered to buy the Copenhagen international airport parent company from Australia's Macquarie, which has held a majority stake since 2005.

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Denmark's ATP and Canadian Ontario Teachers' Pension Plan said Thursday the offer price for the stakes in Kastrup Airport Parents Aps would be around 5,700 kroner ($915) per share but this may fluctuate and the actual price depends on the date of the deal's completion. They did not disclose an overall value.

The deal will give the pension funds a controlling 57.7 percent share while the Danish state will continue to own a stake of 39.2 percent. The rest is held by private investors.

The transaction is to be closed in the fourth quarter pending approval from Danish and EU authorities.