Overview
- The French publisher and peripherals maker filed in Lille and requested redressement judiciaire after stating its available assets cannot meet due liabilities.
- Nacon cites majority shareholder Bigben Interactive’s inability to make a partial bond repayment following an unexpected refusal by its banking pool, with reports referencing a €43 million refinancing tranche.
- Trading in Nacon shares on Euronext Paris has been suspended since February 20 and remains halted pending the court’s decision.
- The requested procedure would freeze liabilities during an observation period of up to 18 months to renegotiate debts, continue operations, and protect employees; worker representatives were notified on February 24.
- Upcoming plans, including the Nacon Connect showcase on March 4 and GreedFall 2’s 1.0 launch on March 12, are scheduled but face uncertainty as proceedings unfold.