Le RREO conclut une entente pour vendre sa participation dans Copenhagen Airports à ATP
Copenhagen – Ontario Teachers’ Pension Plan Board (Ontario Teachers’) has reached an agreement to sell its stake in Copenhagen Airports A/S (CPH) to co-shareholder and Danish investor Arbejdmarkedets Tillægspension (ATP). Ontario Teachers’ and ATP have held a joint control stake in the airport since 2017.
Ontario Teachers’ has been an investor in CPH since 2011, when it acquired a joint control stake in the airports. Over the past 14 years, significant investments totalling almost DKK 18 billion have been made to modernise and expand CPH. The airport is currently undergoing the largest investment in its history, with a significant airside expansion project to facilitate future growth. The key focus of the investment over the period of our ownership has been to improve capacity and the passenger experience, and position CPH for sustainable long-term growth.
Highlights include:
- Multiple new flight routes added, with CPH today providing more than 321 direct routes operated by over 60 airlines connecting travellers to over 165 destinations;
- 30%+ growth in passengers, from 22.7 million in 2011 to almost 30 million at the end of 2024;
- Multiple development projects including: the expansion of both Terminals 2 and 3; developing new piers to facilitate growth; runway widening to accommodate Airbus A380 aircraft; and a new hotel and conference facility;
- Accreditation in the international Airport Carbon Accreditation (ACA) scheme since 2019 and on track to meet commitment for operations to become net zero by 2030; and
- Working actively with the airport management team during the Covid pandemic, including a leading role with lenders and supporting CPH’s subsequent strong recovery.
Charles Thomazi, Senior Managing Director, Europe, Middle East and Africa (EMEA) at Ontario Teachers’ said:
“We are honoured to have been part of Copenhagen Airports’ growth and development for nearly 15 years. As they reach their 100th anniversary year, we are confident that Copenhagen Airports will continue playing their vital role in connecting Denmark to the world and driving economic growth. We would like to thank ATP for their collaboration and we look forward to seeing CPH continue to flourish in the future.”
The transaction is subject to the necessary regulatory clearances.
Media contacts
Ulveman & Børsting
Morten Torm
mtn@ulvemanborsting.com
Teneo
Harry Cameron/Tom Murray
harry.cameron@teneo.com / tom.murray@teneo.com
About Ontario Teachers’ Pension Plan
Ontario Teachers' Pension Plan Board (Ontario Teachers') is a global investor with net assets of $255.8 billion as at June 30, 2024. We invest in more than 50 countries in a broad array of assets including public and private equities, fixed income, credit, commodities, natural resources, infrastructure, real estate and venture growth to deliver retirement income for 340,000 working members and pensioners.
Our more than 450 investment professionals operate in key financial centres around the world and bring deep expertise in a broad range of sectors and industries. We are a fully funded defined benefit pension plan and have earned an annual total-fund net return of 9.3% since the plan's founding in 1990. At Ontario Teachers', we don't just invest to make a return, we invest to shape a better future for the teachers we serve, the businesses we back, and the world we live in. For more information, visit otpp.com and follow us on LinkedIn.