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Milan's SEA airport operator to list at end of October

5-Apr-2011 12:42 PM

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.