ATP Secures Conditional Exemption Regarding Acquisition Deal
ATP's Notification to Copenhagen Airports A/S
In a significant development, Arbejdsmarkedets Tillægspension (ATP) has notified Copenhagen Airports A/S about receiving a conditional exemption from the Danish Financial Supervisory Authority (DFSA). This exemption relates to ATP's involvement in the indirect acquisition of a controlling share in Copenhagen Airports A/S.
Details of the Conditional Exemption
The exemption, effective from the date of notification, allows ATP to bypass the obligation of making a mandatory offer to existing shareholders. This decision comes on the heels of ATP's agreement to acquire approximately 59.4 percent of the shares in Copenhagen Airports A/S. This agreement was formally acknowledged in a prior announcement.
The Acquisition Agreement
As per the terms of the acquisition, if the agreement between ATP and the Danish government is finalized, mandatory offers will be extended to the minority shareholders in accordance with Danish law. This process follows particular provisions as outlined in Chapter 8 of the Danish Capital Markets Act, which ensures that minority shareholders are offered fair shares during significant acquisitions.
Potential Obligations
However, should the agreement fail to meet the stipulated deadlines set by the DFSA, ATP may find itself in a position where it must initiate a mandatory offer to the minority shareholders of Copenhagen Airports A/S. This scenario underlines the critical importance of timely completion of the agreement, given the potential financial implications for ATP.
Future Communications from Copenhagen Airports A/S
Copenhagen Airports A/S has indicated that it will provide additional information as soon as they receive further communication from ATP or the Danish government concerning the acquisition process. Stakeholders are urged to stay tuned for updates that may influence their investment strategies and interests.
Company Contact Information
For any inquiries, Copenhagen Airports A/S can be reached at:
P.O. Box 74
Lufthavnsboulevarden 6
DK-2770 Kastrup
Contact Person: Lars Nørby Johansen
Chairman of the Board of Directors
Telephone: +45 32313231
Email: cphpresse@cph.dk
Website: www.cph.dk
CVR No: 14 70 72 04
Frequently Asked Questions
What is the significance of ATP's exemption from DFSA?
The exemption allows ATP to bypass making a mandatory offer, affecting how they can acquire shares in Copenhagen Airports A/S.
How does the acquisition of shares affect minority shareholders?
In case of a finalized agreement, minority shareholders will receive offers to purchase their shares according to Danish law requirements.
What happens if the agreement between ATP and the Danish state fails?
If the agreement is not completed within the set timeframe, ATP may be required to make mandatory offers to minority shareholders.
When will more information be available from Copenhagen Airports A/S?
The company is expected to announce more details once they receive updates from ATP or the Danish state.
Who can I contact for more information regarding this acquisition?
Lars Nørby Johansen, Chairman of the Board of Directors, is the primary contact person at Copenhagen Airports A/S.
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