Shareholders back Milan airport operator SEA listing

MILAN, Oct 10 (Reuters) - Milan airports operator SEA won onWednesday shareholder approval for its listing plans, paving theway for a debut on the stock market by the end of the year.

The initial public offering (IPO), a rare event in currentchoppy market conditions, is expected to involve a 10.4 percentcapital hike and the sale of a stake by the Milan provincialgovernment, which has 14.6 percent of the company.

The Milan city council would retain control of SEA but wouldhave its stake diluted to 48.1 percent.

SEA operates Italy's financial capital's two airports ofMalpensa and Linate, which saw 28.2 million passengers in 2011and shifted 456,200 tons of goods.

(Reporting By Sara Rossi; Writing by Danilo Masoni; Editing byGerald E. McCormick)


Messaging: danilo.masoni.thomsonreuters.com@reuters.net))

Keywords: SEA LISTING/

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