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The share capital of SEA SpA amounts to Euro 27,500,000, comprising 250 million shares of a par value of Euro 0.11, of which 137,023,805 Class A shares, 74,375,102 Class B shares and 38,601,093 other shares. The Class A shareholders upon majority divestment must guarantee Class B shareholders a right to co-sale. Class A shareholders have a pre-emption right on the sale of Class B shares.

On February 15, 2018, the shares held by the Province of Varese were purchased by 2i Aeroporti SpA. SEA, following the issuance of the bond designated “SEA 3 1/8 2014-2021” on April 17, 2014 and the admission to listing of the notes on the regulated market organized and managed by the Irish Stock Exchange, qualified as a Public Interest Entity (PIE) as defined in Article 16, paragraph 1, letter a) of Legislative Decree No. 39/2010.

Public Shareholders

8 entities/companies 

Municipality of Milan (*) 54.81%
Municipality of Busto Arsizio 0.06%
Other public shareholders 0.08%
Total 54.95%

Private shareholders

2i Aeroporti SpA 36.39%
F2i Sgr SpA (**) 8.62%
Other private shareholders 0.04%
Total 45.05%

(*) Holder of Class A shares
(**) On behalf of F2i – second Italian Fund for infrastructure

Share Capital Structure


SEA Group structure and investments in other companies

Direct and indirect investments of SEA SpA at December 31, 2017


(*) Company held indirectly through SEA Prime SpA

It should be noted that:

  • As a result of the sale of an additional 40% stake in Airport Handling and a corresponding share of the equity instruments to dnata (July 2018) and the resulting dissolution of the trust that held the interest, Airport Handling SpA once again became classified as an associated company measured according to the equity method in the consolidated financial statements.
  • Consorzio Milano Sistema, of which SEA SpA holds 10%, is in liquidation.
  • SEA SpA submitted a request for withdrawal from SITA SC which was effective as of February 28, 2018.