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 20, Nacon reported that the position of Bigben Interactive significantly affects its own activities. Previously, the main shareholder faced an unexpected and late refusal from the…