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Aicon Gives Lawyers Mandate to Find Alternatives to Bankruptcy

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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.

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