In a recent press release, Nacon announced that it has filed for insolvency after make a partial repayment of its bondloan to the bondholders. The announcement comes a few days after Nacon announced that it will hold a new Nacon Connect on March 4.
Nacon further clarifies the situation in the aforementioned press release, stating that “the Company indicated on this occasion that its liquidity situation required the rapid implementation of a financial restructuring with its creditors in order to ensure the continuity of its operations, and that it was considering procedures intended to facilitate the restructuring of its debt under the supervision of the Court.
To date, the Company reports that its available assets do not allow…