Fondazione Fiera Milano—a private, non-profit entity—has been promoting economic, social, cultural, and scientific development initiatives for over twenty years. It supports, promotes, and expands the organization of trade fairs and conferences both in Italy and abroad through its subsidiary, Fiera Milano S.p.A. The Foundation is the majority shareholder of Fiera Milano S.p.A. with a 63.82% stake and owns the fieramilano exhibition center and Allianz MiCo, one of the largest convention centers in Europe.