Investment bank considering selling CPH Airport – The Post

Investment bank considering selling CPH Airport

Macquarie has reportedly hired consultants to look into the possibility of offloading its stake

Will the Danish state make a majority move this year? (photo: CPH Airport)
May 23rd, 2017 2:22 pm| by Christian W

The Australian investment bank Macquarie is exploring the possibility of selling its majority stake in Copenhagen Airport.

Macquarie, which holds over 50 percent of the CPH Airport shares, has reportedly recruited consultants to look into the bank’s investment in the airport – which could eventually result in a sale.

Macquarie has been a shareholder in the airport since 2005 and the majority 58 percent shareholder since 2008.

READ MORE: CPH Airport off to flying start in 2017

Decision this year
Since the bank first obtained shares in the airport, the share price has increased considerably and the stock has more than doubled since 2005. The Danish state owns most of the remaining shares.

Macquarie expects to finalise an ownership plan for the airport some time this year.

Lars Nørby Johansen, the chairman of Copenhagen Airport, said he had expected news of an exit plan from Macquarie and that he expects a sale to be completed by the end of the year.