French publisher Nacon has filed for insolvency and suspended trading of the company’s shares, as its majority stakeholder and parent company, Bigben Interactive, is currently going through serious financial difficulties. This could make the Nacon Connect stream on 4th March quite awkward…
Bigben Interactive defaulting on a €43 million bond repayment has sent shockwaves through its subsidiary. Nacon is now looking for a way to regain its own financial liquidity, filing for insolvency with the courts and looking for a reorganisation to continue operating.
Separtely, Bigben is also filing to the courts for an “amicable conciliation procedure” to enter into discussions with its creditors and restructure its debts.
This…