Loading
11-Oct-2012 11:48 AM

Milan Airports Operator SEA SpA receives approval for listing plan

Italy's SEA SpA, operator of Milan Malpensa and Linate airports, gained (10-Oct-2012) shareholder approval to revive a plan suspended more than a year ago to list its stock on the Milan Stock Exchange. The approval paves the way for a debut on the stock market by the end of the year. The IPO is expected to involve a 10.4% capital increase and the sale of a stake by the Milan provincial government, which has 14.6% of the company. The Milan City Council would retain control of SEA but would have its stake diluted to 48.1%. [more - original PR - Italian]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More