PMV Takes 39% Economic Stake in Brussels Airport in Landmark Deal with Ontario Teachers’ Pension Plan
(IN SHORT) PMV has reached an agreement to acquire Ontario Teachers’ Pension Plan’s 39% indirect economic stake in Brussels Airport Company, affirming the airport’s attractiveness to long-term public investors. The deal leaves direct shareholdings and strategic operations intact. OTPP concludes a successful 14-year partnership, having supported sustainable growth, crisis management and recovery efforts. PMV’s investment aligns with Flanders’ vision of airports as essential infrastructure, granting dividends and strategic influence. Key figures—Brussels Airport CEO Arnaud Feist, OTPP’s Charles Thomazi and Flanders Minister-President Matthias Diependaele—highlight the collaboration’s impact and the airport’s role as a major economic driver. The transaction awaits regulatory clearance.
(PRESS RELEASE) BRUSSELS, Belgium, 2025-Jun-13 — /Travel PR News/ — Today, PMV, the Flemish investment firm, has agreed to acquire Ontario Teachers’ Pension Plan’s (OTPP) indirect interest in Brussels Airport Company, securing a 39% economic stake in the airport. This transaction underscores Brussels Airport’s appeal to public investors focused on long-term growth. Importantly, direct shareholdings remain unchanged and the airport’s strategic plans will proceed unaffected.
For Ontario Teachers’, this deal concludes a fruitful 14-year partnership during which the pension fund supported the airport’s sustainable expansion and navigated multiple crises. PMV’s new role aligns with Flanders’ policy to regard airports as vital infrastructure.
Arnaud Feist, CEO of Brussels Airport, expressed gratitude: “We thank OTPP for their steadfast collaboration and support through challenges, including recent crises. We warmly welcome PMV, whose long-term perspective is an ideal match for our role as a key economic engine in Flanders and Belgium.”
Charles Thomazi, Senior Managing Director and Head of Infrastructure EMEA at Ontario Teachers, reflected on the fund’s contribution: “We’re proud to have driven passenger connectivity, cargo development and economic impact over the past decade and a half. We applaud the airport team’s dedication, especially during the Covid-19 pandemic and their resilience in the face of 2016’s tragic events. We wish BRU continued success under PMV’s stewardship.”
Flanders Minister-President Matthias Diependaele noted, “This strategic, market-based investment secures our influence over the airport’s future. Like Denmark’s government stake in Copenhagen Airport, our acquisition of profitable infrastructure ensures both dividend returns and a lasting voice in governance.”
The closing of the transaction is subject to customary regulatory approvals.
SOURCE: Brussels Airport Company
