Milan Linate and Malpensa operator SEA will not be the subject of an IPO, the City of Milan governing authority has decided. However, a plan to sell off a 34% stake in the company to financial and institutional investors in Italy and abroad was approved. The city holds 84% of SEA and had considered listing it this year. The full municipal authority is scheduled to clear the sale on July 10 with sale proceedings starting in September, AFX reported. "The operation will amount to €600 ...

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