Consortiums ready to take over Cantiere Navale Vittoria

TRIESTE – Dialogue underway with various consortiums for the ownership of Cantiere Navale Vittoria, which risks judicial liquidation at the end of July.
“The work aimed at identifying a resolution to the corporate crisis of Cantiere Navale Vittoria is continuing with intensity – states a note from the company – and the dialogue by the CEO Stefano Lupi, the president Duò and the advisors with various possible private investors, whose names will be kept confidential. These investors confirm their interest in the Adria production reality, with a strong brand legacy of almost 100 years of history”.
“The company’s commitment is maximum in keeping the dialogues alive and open with all the parties involved, not excluding any option, but examining all the proposals received with vigor and determination. And therefore to exclude that univocal and monodirectional solutions are taken into consideration: there are numerous options in existence, and intense and continuous dialogues are taking place for each of them” we read further.
After the restructuring plan filed with the Court of Rovigo, in mid-May a group of managers presented a rescue proposal (under the guidance of Michele Lauriero, manager of the Adria company) for the shipyard: a rescue plan from internally, through a management buy out operation (change of ownership of the company).
“In this historical phase the company cannot afford any other options other than a clear resolution of this phase of crisis that has been raging for some months now, at any cost. And to achieve this we will pursue every possible path that the market offers us” continues the note from the current ownership.
By July 31st, the Venetian shipyard specialized in the design and construction of military, commercial and transport vessels will have to find an investor, otherwise “failure” will be practically inevitable. In two weeks, meanwhile, the Veneto Region will organize a round table to bring together all the interested parties and evaluate the situation before resorting to judicial liquidation with relative risk for the workers and the company’s assets.