Breaking News

Japan Unexpectedly Targets Bigger Expansion of Monetary Base; Yen Drops; Nikkei 225 Surges

SEA Says It’s Working on IPO, Concession Accord Raises Value

SEA SpA Chairman Giuseppe Bonomi said the manager of Milan’s two airports is working on its initial public offering and that today’s concession agreement with Italy’s aviation authority “enhances” the company’s value and margins.

Analysts are preparing research on the company for the IPO, Bonomi told reporters in Milan. SEA will consider market conditions “around mid-October” before proceeding with the share sale, he said.

“There will be interested parties” that may want to buy stakes in the company alongside the IPO, Bruno Tabacci, finance chief for the city of Milan, said. “All options are open.” The city owns a stake in SEA.

The three global coordinators that have been hired for the IPO “is the right number,” Bonomi said. Intesa Sanpaolo SpA (ISP), Mediobanca SpA (MB) and Morgan Stanley (MS) are the lead banks for the deal. UniCredit SpA (UCG) is also bookrunner.

To contact the reporter on this story: Elisa Martinuzzi in Milan at

To contact the editor responsible for this story: Marco Bertacche at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.