Nacon is in big trouble following majority shareholder Bigben Interactive failing to make the partial repayment of its bond loan to its bondholders. According to Nacon, this was due to “an unexpected and late refusal by its banking pool”. Nacon acts as both a hardware manafacturer (mainly controllers) and as a publisher publishing titles made…
French AA publisher and developer Nacon has filed for insolvency. As IGN reports, Nacon announced last week that its majority shareholder, Bigben Interactive, was unable to make a €43 million loan repayment. This was due to the “unexpected refusal of its banking pool to respond to the drawdown notice.” Bigben Interactive holds 56.72% of Nacon’s…
Video game publisher Nacon has filed for insolvency. As part of the process, the trading of its shares on the Euronext Paris markets has been suspended, with the share prices it announced on February 20th being in effect. The reason for this filing, according to the press release, comes down to majority shareholder Bigben Interactive…
Arshiya Limited Appoints Secretarial Auditor for FY 2023-24 and FY 2024-25 scanx.trade Read the original article here
Nacon, a major French publisher and holdings company, has this morning revealed a dire situation. In a new press release, the company has revealed it has filed for insolvency after its parent company, Bigben, entered a period of financial difficulty. In the release, it was stressed that Nacon will need to undergo a ‘rapid implementation…
French video game publisher Nacon has filed for insolvency, after the company’s majority shareholder Bigben Interactive failed to make the partial repayment of its bond loan to its bondholders. This, Nacon said, was due to “an unexpected and late refusal by its banking pool”. A company is insolvent when it can’t pay its debts, meaning…
Nacon – publishers of Styx: Blades of Greed, RoboCop: Rogue City, and Test Drive Unlimited Solar Crown – have announced that they’ve filed for insolvency. The French company say they’ve asked for “judicial reorganisation proceedings” to kick off, with the goal of finding ways to keep the business going, “protect employees, and preserve jobs” while…
The civic head of Shetland Islands Council has been banned as a director after her company went into liquidation owing more than £170,000 in tax. Council convener Andrea Manson was one of two directors of the Mid Brae Inn Limited, which traded as a pub of the same name. However, the company did not pay…
Nacon’s available assets do not allow it to fulfill its payment obligations. Nacon has announced its intention to file for insolvency and request the commencement of judicial reorganization proceedings (“redressement judiciaire”). The decision was made against the backdrop of a deteriorating financial situation related to the problems of its majority shareholder, Bigben Interactive. On February…
Nacon, the company behind Test Drive Unlimited, WRC, MXGP and more, has filed for insolvency amid financial turmoil Traxion.GG Read the original article here