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Canadian teachers want to buy Copenhagen Airport



  

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Wednesday, 22 June 2011
The major shareholder of the Copenhagen Airports (CPH), the Australian Macquarie Capital Funds, is considering getting rid of the bulk of his shares in the company.

Then the Canadians are showing interest with a Canadian pension fund for teachers, Ontario Teachers' Pension Plan Board (OTPP), negotiating with the Australians to acquire 30.8 percent stake in Copenhagen Airports, which corresponds to slightly more than half of Macquarie's share.
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There is an appropriate case of a major exchange, where Canadian pension fund put its stake in Sydney Airport for 11.02 percent that is about 4.7 billion dollars on the table.
In return, Canadians get the part of Macquarie's shares in Copenhagen Airports, which owns Macqauries via the company MAp. The Canadians have agreed to also get Macquarie's shares in Brussels airport.

The agreement is yet to be signed as the parties are still in the process of reviewing the offer and that involves the examination of companies' accounts.

If the outline agreement will be implemented, then Macqauries' ownership will be down to approx. 26.8 percent stake in CPH.

The Danish state owns 40 percent of the shares in Copenhagen Airports A / S and will still remain the largest shareholder, if the transaction is completed.
By Scancomark.se Team



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