The Ontario Teachers’ Pension Plan has announced a transaction involving a stake in the Copenhagen international airport.
On Wednesday, Ontario Teachers’ announced a deal to acquire the Macquarie European infrastructure fund’s stake in Kastrup Airport Parents, a holding company that indirectly holds a 57.7 per cent ownership in the airport. The Danish state will continue to own a 39.2 per cent stake, according to The Canadian Press.
Danish pension plan ATP will finance the estimated $2.1-billion transaction. Ontario Teachers’ acquired its current stake in the airport in 2011.
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“During our more than six years as a partner with Macquarie, Copenhagen airports has received numerous industry awards for its quality and efficiency,” said Andrew Claerhout, senior managing director for infrastructure and natural resources at Ontario Teachers’.
“We look forward to continuing and growing on this track record of success in what will be our second partnership with ATP, with whom we are strongly aligned in our focus on long-term value creation.”