Ontario Teachers', ATP to acquire 57.7 pct stake in Danish airports

Ontario Teachers' Pension Plan has agreed to a deal that will change the shareholder structure of Copenhagen Airports A/S, the operator of two Danish airports. Ontario Teachers', an existing shareholder, will acquire the stake held in Kastrup Airport Parents ApS (KAP), the airport company's parent organization, by Macquarie Group. Ontario Teachers' is partnering with Danish pension fund ATP, which will finance the deal, valued at about €1.3 billion (US$1.57 billion). With the transaction's completion, expected in Q4 2017, the partners will jointly own a 57.7 interest in KAP. Ontario Teachers' first invested in Copenhagen Airports in 2011.

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