The European Commission has approved, under the EU Merger Regulation, the acquisition of Copenhagen Airports A/S by Arbejdsmarkedets Tillaegspension (ATP), both of Denmark, and Ontario Teacher’s Pension Plan Board (OTPP) of Canada.
Copenhagen Airports is the owner and operator of the Kastrup and Roskilde airports, which are located in Denmark, as well as the Clarion Copenhagen Airport Hotel. ATP is a Danish public pension provider which administers a number of welfare and social security schemes. OTPP administers pension benefits and invests pension plan assets on behalf of active and retired teachers in the Canadian province of Ontario. OTPP already owns a large share of Brussels Airport.
The Commission concluded that the proposed acquisition would raise no competition concerns given the transaction’s limited impact on the market structure. The transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition review, in the public case register under the case number M. 8634.