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]