Milan's SEA airport operator to list at end of October
SEA, the operator of Milan Malpensa and Linate airports, reportedly plans to list shares on the Italian Stock Exchange at the end of Oct-2011 (Reuters, 04-Apr-2011). The City of Milan owns 84% of SEA and has approved the listing but Milan does not intend to lower its stake below 51%. The global coordinators for the IPO are Mediobanca, Morgan Stanley and Banca IMI while the financial adviser is UniCredit. SEA posted a EUR63.1 million net profit in 2010. Gemina, which runs Rome's airports, has a market capitalisation of EUR965 million, with operators of regional airports at Venice, Florence and Pisa also listed on the Milan stockmarket.