Aicon Gives Lawyers Mandate to Find Alternatives to Bankruptcy

Aug. 30 (Bloomberg) -- The board of directors of Aicon SpA will give legal advisers a mandate to evaluate alternative solutions to bankruptcy, after the company’s main shareholder, Airon Srl, didn’t provide financial support needed to ensure the continuity of the business, the yacht-maker said in a statement distributed by the Italian stock exchange.

Nobody answered a phone call made to Airon’s main office in Borsea, Italy, seeking comment after regular business hours.

Link to Company News: {AIC IM <Equity> CN <GO>}

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net.