From Public to Private Ownership

Until 1990, the airports at Kastrup and Roskilde were operated by the Copenhagen Airports Authority, a public corporation under the Danish Ministry of Transport. In June 1990, Folketinget (the Danish Parliament) passed the Act on Copenhagen Airports A/S on the basis of a government bill, and in September 1990, the Copenhagen Airports Authority was converted into the public limited company Copenhagen Airports A/S with the Danish government as sole shareholder. The intention behind the conversion into a limited company was to operate the company on a more commercial basis.

In 1994, it was decided to reduce the Danish government’s ownership stake to 75% and to have the company’s shares listed on the Copenhagen Stock Exchange. The company made an initial public offering in March 1994 and the shares were listed on the Copenhagen Stock Exchange on 11 April 1994.

In 1996, the Danish government reduced its ownership stake by a further 24% to 51%. The latest reduction of the government’s ownership stake took place in 2000, when another 17% of the shares were sold by the government. Both times, the share capital was increased by DKK five million of employee shares.

In the period 2000-2006, the Danish Government increased its ownership of the Company’s share capital to 39.2% as a consequence of CPH’s acquisition of own shares. Further information about the shareholding in CPH is outlined under “Ownership”.