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Airport Operator SEA To Proceed With IPO

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Milan airport operator SEA said on Monday its board had decided to press ahead with plans to list on the Italian stock market.

According to a source, the global coordinators of the initial public offering indicated a value for the whole of SEA of more than EUR€1 billion (USD$1.28 billion).

The Milan area airports of Malpensa and Linate saw 28.2 million passengers in 2011 and moved 456,200 tons of goods.

(Reuters)