Fenix, the majority shareholder of Maltese Falcon builder Perini Navi, has announced plans to save the iconic Italian shipyard from bankruptcy.
The firm has signed an agreement with private equity firm Clessidra and another investor to relaunch the luxury Italian shipyard, Reuters reports.
Reports add that Fenix aims to inject a significant capital increase to reinvigorate the company. While Fenix will retain a minority stake in Perini Navi, Clessidra and the unnamed second investor will own majority stakes. The aim is for full production to continue and employment levels to be maintained.
It comes after the yard was declared bankrupt by an Italian court on January 29 after it failed to present a final restructuring plan for debts of 1…
Read the full article at: https://www.boatinternational.com/yachts/news/perini-navi-bankruptcy
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