F2i Aeroporti holds a 44.31 % stake in Milan's SEA airport operator, Italy's second-largest airport operator by passenger numbers and Europe's ninth-largest. The firm also owns a 50.8 % stake in Turin airport operator SAGAT and 70 % of Naples airport operator GESAC, and indirectly holds minority stakes in Bergamo and Bologna airports.
The 49 % of F2i Aeroporti has an estimated value of €400 million (US$487.7 million).
The firm represents the largest airport platform in Italy, with 35 % of air passenger traffic and almost 70 % of the air cargo market. F2i's airport investments reported combined, proforma core profit of €254 million in 2013, on proforma revenues of €1 billion. Debts stood at around €545 million.
In mid March we reported that Argentina's Corporación America had launched takeover bids for the companies that operate Italy's Pisa and Florence airports. The offer was made by Cedicor, which controls Corporacion America and holds a 33.4% stake in the company that manages Florence's airport and a 27.3% stake in the Pisa airport operator.