Ministry of Finance (Denmark) entered into conditional share purchase agreement to acquire an additional 59.35% stake in Københavns Lufthavne A/S (CPSE:KBHL) from Arbejdsmarkedets Tillægspension (Atp) on December 2, 2024. Upon completion, Ministry Finance (Denmark) will own 98.60% stake in Københavns Lufthavne A/S. Implementation is conditional on obtaining the relevant regulatory approvals. As of April 8, 2025, Arbejdsmarkedets Tillægspension (ATP) has notified Copenhagen Airports A/S that ATP has received an advance ruling from the Danish Financial Supervisory Authority regarding an exemption from the obligation to make an offer in connection with ATP's expected indirect acquisition of control of Copenhagen Airports A/S. Upon completion of that transaction, the Danish state shall make a mandatory offer to the minority shareholders of Copenhagen Airports A/S. The said agreement between ATP and the Danish state not be completed within the period stipulated by the Danish Financial Supervisory Authority, ATP will according to the conditional exemption be obliged to make a mandatory offer to the minority shareholders. As on July 17, 2025, the transaction is approved by European Commission. As on August 11, 2025, Copenhagen Airports A/S announces that the company has received the attached notice from ATP, stating that the conditions applicable to the transfer of ATP?s controlling shareholding of Copenhagen Airports A/S to the Danish state are now fulfilled entailing that the transfer can be completed.

Carsten Heinild and Frederik Jespersen of Skandinaviska Enskilda Banken acted as financial advisor and Jacob Hjortshøj, Thomas Bøgedal Kristiansen, Emil Steenberg, Jesper Kaltoft, and Thomas Thordal Sevelsted of Bech-Bruun Dragsted acted as legal advisor to Danish State, represented by the Danish Ministry of Finance.

Ministry of Finance (Denmark) completed the acquisition of an additional 59.35% stake in Københavns Lufthavne A/S (CPSE:KBHL) from Arbejdsmarkedets Tillægspension (Atp) for DKK 32.3 billion on September 30, 2025. The Ministry of Finance hereby announces that the Ministry of Finance has acquired in aggregate 4,657,549 shares in Københavns Lufthavne from Copenhagen Airports Denmark ApS, corresponding to approximately 59.35% of the shares. The acquisition of a controlling interest in CPH means that Ministry of Finance (Denmark) is now required to make a mandatory tender offer to the shareholders of Københavns Lufthavne. Thomas Holst Laursen, Mikkel Rostock-Jensen, Janus Jepsen, Peter E. Stassen, Gitte Holtsø, Lise Aaby Nielsen, Rie Paving Mortensen and Marcus Franzpötter of Plesner Advokatpartnerselskab acted as legal advisor to Kingdom of Denmark, via the Ministry of Finance.