ABN Amro Rothschild and Unicredit Banca Mobiliare, the Italian bank, have won the mandate to lead the initial public offering (IPO) of Seabo, the Bologna municipal multi-utility.

The two banks are joint global coordinators of the offer. ABN Amro's corporate finance group has a close relationship with Seabo. The Dutch bank assisted Seabo in creating Casaweb, a telecoms joint venture with other industrial partners, and advised the company on its privatisation options.