DENMARK. The Danish Ministry of Finance has launched a tender offer for the remaining shares in Copenhagen Airports as the state takes full control of the company.
In late 2024, the government announced that it was increasing its stake in the airport company from 39.2% to over 98%, principally through the acquisition of the majority shareholding from pension fund ATP for around DKK32 billion (US$5 billion).
This process was completed on 30 September, with the state controlling 98.55% of Copenhagen Airports’ total issued share capital and total voting rights.
This triggered the announcement of a mandatory offer to remaining shareholders, with the offer document published today. The offer period for the Mandatory Tender Offer expires on 10 December 2025.
Speaking as the takeover was finalised last month, Copenhagen Airports Chair Lars Nørby Johansen said: “We are pleased to secure an ownership structure which ensures that Denmark continues to have a strong international airport contributing significantly to the country’s global connectivity. As one of Denmark’s largest workplaces, it is crucial to have a responsible and long-term ownership group that guarantees the airport’s continued positive contribution to the Danish economy.” ✈
