The Belgian Competition Authority (BCA) has approved the Flemish sovereign wealth fund PMV’s acquisition of a majority stake in Brussels Airport Company, making the Flemish Region the main shareholder with 39% ownership, ahead of the federal government’s 25%.
PMV purchased the stake from Canada’s Ontario Teachers’ Pension Plan (OTPP) for €2.77 billion, securing a 52% share in BAISA, the private consortium holding 75% of the airport’s capital.
The move gives Flanders effective control of the national airport, a development welcomed by the regional government but met with concern in Wallonia, where Minister-President Adrien Dolimont called the decision “surprising” while expressing confidence the site would not become a “Flemish airport.”
The BCA approved the deal under a simplified procedure, citing no competition concerns. The decision comes as Brussels Airport continues to face politically sensitive disputes over noise standards and flight paths above the capital.