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Lessons from Danish state's EU nod to buy airport despite part-owning an airline

By Andrew Boyce ( February 18, 2026, 15:23 GMT | Comment) -- Airlines that raised antitrust fears over the Danish state’s takeover of Copenhagen Airport — as it also had a minority stake in airline SAS — were rebuffed when the EU merger regulator cleared the deal last year. The newly published decision sheds light on why, notably the importance of regulations that constrain anticompetitive behavior. It shows how owning a minority stake in a customer or rival isn't necessarily a barrier to EU deal approval.Owning a minority stake in a customer or rival doesn’t have to complicate your chances of EU merger approval. That’s the message sent by a recently published decision on the Danish finance ministry’s acquisition of sole control of the operator of Copenhagen Airport — even if the circumstances were somewhat specific....

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