KØBENHAVNS LUFTHAVNE A/S
Københavns Lufthavne A/S, trading internationally as Copenhagen Airports A/S, is a Danish aktieselskab (public limited company) registered with the Danish Business Authority under CVR number 14707204. The company was incorporated on 19 September 1990 and its current registry status is active. Its registered address is in Kastrup, Denmark.
Københavns Lufthavne A/S owns, develops and operates Copenhagen Airport (Kastrup), Denmark’s principal international gateway, and Roskilde Airport, a general-aviation airport near Copenhagen. Its principal business activities cover airport infrastructure and air-traffic handling facilities, retail and commercial concessions, parking, and property leasing at both sites. The company serves airlines, passengers, cargo operators and commercial tenants, with operations concentrated in the greater Copenhagen area of Denmark.
The company’s shares were historically admitted to trading and official listing on Nasdaq Copenhagen under the symbol “KBHL” (ISIN DK0010201102). Following a mandatory public takeover offer launched by the Kingdom of Denmark, acting through the Ministry of Finance, on 28 October 2025, the Ministry completed the acquisition of the remaining minority shares on 10 December 2025, bringing its holding to 100% of the share capital; the shares were expected to be removed from trading and official listing on Nasdaq Copenhagen as a result.
For the 2025 financial year, Copenhagen Airports A/S reported revenue of approximately DKK 5.5 billion, an increase of around 9% on the previous year, comprising DKK 3,361 million in aeronautical revenue and DKK 2,160 million in non-aeronautical revenue from retail, parking and property. Profit before tax was DKK 1,625 million, up 21% year-on-year, and the airport handled a record 32.4 million passengers during the year across 367 routes to 191 destinations.
The Danish State’s acquisition followed a political agreement announced on 2 December 2024 and a series of prior ownership changes: on 9 April 2025 the pension fund ATP acquired the Ontario Teachers’ Pension Plan Board’s stake in Kastrup Airports Parent ApS, the holding company that had indirectly controlled the majority of the company’s shares since 2009. On 30 September 2025 the Ministry of Finance acquired ATP’s holding directly, raising the State’s direct stake from approximately 39.20% to approximately 98.55% ahead of the subsequent tender offer.
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Shareholders
1
According to the Danish Business Authority’s CVR register, Københavns Lufthavne A/S has one disclosed direct shareholder: Finansministeriet, Departementet (the Ministry of Finance, Department), registered under CVR number 10108330. The CVR snapshot used for this profile, dated 14 September 2026, records this shareholder as holding 99.99% of the company (reporting bracket 90-99.99%).
This single-shareholder position reflects a change of control completed in late 2025. Until 30 September 2025, the company was majority owned indirectly through Copenhagen Airports Denmark ApS, which had held approximately 50-66.65% since 31 August 2009, with the Danish State holding the balance (approximately 33.34-49.99%) directly via Statens Administration since 1 January 2011. On 30 September 2025 the Ministry of Finance acquired the private consortium’s stake, raising its direct holding from approximately 39.20% to approximately 98.55% of the share capital and voting rights. A mandatory public tender offer for the remaining shares ran from 28 October to 10 December 2025 at DKK 6,918.67 per share; on completion, the Ministry of Finance’s holding rose to 100%. The small gap between the CVR-recorded 99.99% and the reported 100% likely reflects registry timing or rounding.
Before the 2025 transaction, the ownership chain ran through Copenhagen Airports Denmark ApS, Copenhagen Airports Denmark Holdings ApS and Kastrup Airports Parent ApS (KAP, CVR 33781903), ultimately controlled by ATP and, until 9 April 2025, jointly by the Ontario Teachers’ Pension Plan Board.
Ultimate beneficial ownership
The controlling shareholder is a sovereign government body – the Kingdom of Denmark, acting through the Ministry of Finance, Department – rather than a natural person. No natural-person ultimate beneficial owner is disclosed or applicable to this holding.
Data availability
Disclosure is full at the direct-shareholder level: the ownership change was subject to Danish takeover regulation, EU merger clearance and mandatory company announcements, in addition to CVR registration. Historical minority shareholder detail below the reporting threshold is not included in this overview.
Sources
– Danish Business Authority, CVR/Virk.dk register extract, retrieved 14 September 2026, https://datacvr.virk.dk
– Copenhagen Airports A/S company announcement, “The Danish State’s acquisition of Copenhagen Airports A/S has been completed,” cph.dk, 30 September 2025
– Copenhagen Airports A/S / Ministry of Finance tender offer completion announcement, 10 December 2025
– GlobeNewswire, “Political agreement regarding the ownership of Copenhagen Airports A/S,” 2 December 2024, globenewswire.com
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| Finansministeriet, Departementet | 100% | Danish Business Authority — CVR (Central Business Register) |
Officers
5
The Danish CVR register held for Københavns Lufthavne A/S lists 104 officer records in total, spanning appointments from the company’s 1990 incorporation to the present, including active and resigned directors, alternates and executives. Current leadership follows a board reshuffle that accompanied the Danish State’s acquisition of full ownership in 2025-2026.
Christian Poulsen has been Chief Executive Officer (Adm. direktør) since 1 January 2024, having served as acting CEO from 30 September 2023 following Thomas Woldbye’s departure to become CEO of Heathrow Airport; he previously spent over 14 years at the company, including four years as Chief Operating Officer. Lars Sandahl Sørensen was elected Chairman of the Board at the annual general meeting on 29 April 2026, having been a board member since 2021 and Deputy Chairman since autumn 2025; he succeeded Lars Nørby Johansen, chairman since 2014, who did not stand for re-election. The board also includes employee-elected members Michael Marott Bock, Brian Bjørnø and Michael Eriksen, elected to serve until 2027, and Henrik Dam Kristensen, appointed a board member on 23 October 2025 according to the CVR register. The underlying CVR officer data was retrieved 14 September 2026; nationality is not a field published in Danish CVR officer records.
Recent officer changes
– Lars Sandahl Sørensen elected Chairman of the Board, effective 29 April 2026, succeeding Lars Nørby Johansen. Source: cph.dk.
– Henrik Dam Kristensen appointed to the Board, effective 23 October 2025. Source: Danish Business Authority CVR register.
– Christian Poulsen appointed permanent Chief Executive Officer, effective 1 January 2024. Source: cph.dk press release, December 2023.
Data availability
Danish CVR officer records are current and public, covering active and historical appointments with appointment and resignation dates, but do not disclose officers’ nationality or country of residence; these fields are recorded as not disclosed in this profile.
Sources
– Danish Business Authority, CVR/Virk.dk register extract, retrieved 14 September 2026
– Copenhagen Airports A/S, “Christian Poulsen has been appointed CEO of Copenhagen Airports A/S,” cph.dk, December 2023
– Copenhagen Airports A/S board/AGM announcement, cph.dk, 29 April 2026
Group Structure
Københavns Lufthavne A/S is not an independent company: according to the Danish CVR register, it is wholly owned by the Danish State, held directly by Finansministeriet, Departementet (the Ministry of Finance, Department, CVR 10108330), which is both its immediate and ultimate parent. This is a recent change: full state ownership was reached through a mandatory tender offer completed on 10 December 2025, following the Ministry’s acquisition of a controlling stake on 30 September 2025. The company has two verified direct subsidiaries in Denmark, and no subsidiaries have been verified outside Denmark. The underlying registry data is dated 14 September 2026.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|—|—|—|—|—|—|—|
| Finansministeriet, Departementet | DK | DK 10108330 | Immediate and ultimate parent | 99.99% (registry); reported 100% after tender offer | Active | 14 Sep 2026 / 10 Dec 2025 |
| Copenhagen Airports International A/S | DK | DK 20830204 | Direct subsidiary | Ownership percentage not disclosed | Active | 14 Sep 2026 |
| Copenhagen Airport Hotels A/S | DK | DK 37297453 | Direct subsidiary | Ownership percentage not disclosed | Active | 14 Sep 2026 |
| Kastrup Airports Parent ApS | DK | DK 33781903 | Historical indirect ultimate parent (until 30 Sep 2025) | Not disclosed | Historical | until 30 Sep 2025 |
Recent structural changes
– 30 September 2025: The Ministry of Finance acquired the private consortium’s indirect stake, raising its direct shareholding from approximately 39.20% to approximately 98.55% and becoming the company’s controlling parent (change of parent).
– 10 December 2025: The Ministry of Finance completed a mandatory tender offer for the remaining shares, reaching 100% ownership.
– 9 April 2025: ATP acquired the Ontario Teachers’ Pension Plan Board’s stake in Kastrup Airports Parent ApS (KAP), consolidating ATP’s control of the former private holding chain shortly before its sale to the Danish State.
Data availability
Parent-level ownership is fully documented through CVR filings, EU merger clearance and mandatory Nasdaq Copenhagen company announcements. Ownership percentages for the two direct subsidiaries are not separately disclosed in the CVR extract used for this profile.
Sources
– Danish Business Authority, CVR/Virk.dk register extract (corporate-linkage data), retrieved 14 September 2026
– Copenhagen Airports A/S company announcement, “The Danish State’s acquisition of Copenhagen Airports A/S has been completed,” cph.dk, 30 September 2025
– Copenhagen Airports A/S / Ministry of Finance tender offer completion announcement, 10 December 2025
– Ontario Teachers’ Pension Plan Board, “Ontario Teachers’ completes sale of Copenhagen airport stake,” otpp.com, April 2025
Finansministeriet, Departementet
Denmark
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Frequently Asked Questions
What does KØBENHAVNS LUFTHAVNE A/S do?
Københavns Lufthavne A/S (Copenhagen Airports A/S) owns, develops and operates Copenhagen Airport (Kastrup) and Roskilde Airport in Denmark.
Who owns KØBENHAVNS LUFTHAVNE A/S?
The Danish State, via the Ministry of Finance, Department, holds 99.99% of the shares per the CVR registry snapshot dated 14 September 2026, after a mandatory tender offer completed 10 December 2025 brought its holding to 100%.
Who is KØBENHAVNS LUFTHAVNE A/S's UBO (Ultimate Beneficial Owner)?
The controlling owner is the Kingdom of Denmark via the Ministry of Finance – a sovereign government entity – so no natural-person ultimate beneficial owner is disclosed.
What is KØBENHAVNS LUFTHAVNE A/S's company registration number?
KØBENHAVNS LUFTHAVNE A/S's registration number is 14707204, filed with Danish Business Authority — CVR (Central Business Register) in Denmark. Its current status on the register is active.
Is KØBENHAVNS LUFTHAVNE A/S still an active company?
KØBENHAVNS LUFTHAVNE A/S's status on Danish Business Authority — CVR (Central Business Register) is listed as active.
When was KØBENHAVNS LUFTHAVNE A/S incorporated?
KØBENHAVNS LUFTHAVNE A/S was incorporated on 19 September 1990, according to Danish Business Authority — CVR (Central Business Register).
What is KØBENHAVNS LUFTHAVNE A/S's registered address?
The registered address on file for KØBENHAVNS LUFTHAVNE A/S is Kastrup, Denmark.
What legal structure is KØBENHAVNS LUFTHAVNE A/S registered as?
KØBENHAVNS LUFTHAVNE A/S is registered as a Private limited company (Ltd.) in Denmark.
What is KØBENHAVNS LUFTHAVNE A/S's revenue?
Copenhagen Airports A/S reported revenue of approximately DKK 5.5 billion for the 2025 financial year, up around 9% year-on-year, with a profit before tax of DKK 1,625 million.
Is KØBENHAVNS LUFTHAVNE A/S listed on a stock exchange?
The company was listed on Nasdaq Copenhagen under ticker KBHL (ISIN DK0010201102) until the Danish State's mandatory tender offer completed on 10 December 2025, after which the shares were expected to be removed from trading.
Who are the officers/directors of KØBENHAVNS LUFTHAVNE A/S?
Christian Poulsen is CEO since 1 January 2024; Lars Sandahl Sørensen was elected Chairman at the 29 April 2026 AGM, succeeding Lars Nørby Johansen.
Does KØBENHAVNS LUFTHAVNE A/S have a parent company or subsidiaries?
Københavns Lufthavne A/S is wholly owned by the Danish Ministry of Finance and has two verified direct subsidiaries in Denmark: Copenhagen Airports International A/S and Copenhagen Airport Hotels A/S.
Can Zavia monitor changes to KØBENHAVNS LUFTHAVNE A/S's ownership over time?
This profile reflects a point-in-time snapshot from Danish Business Authority — CVR (Central Business Register). Zavia's monitoring API can track changes to KØBENHAVNS LUFTHAVNE A/S's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access KØBENHAVNS LUFTHAVNE A/S's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Denmark, so records like KØBENHAVNS LUFTHAVNE A/S's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Danish Business Authority — CVR (Central Business Register) and was last synced on 15 September 2026.