Insolvency
Tubos Reunidos files for creditors' arrangement due to imminent insolvency
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Tubos Reunidos filed for voluntary creditors' arrangement on Monday before an Álava court due to cash tensions worsened by the indefinite strike at its Amurrio plant. The CNMV immediately suspended trading of its shares. The company aims to protect the interests of creditors, workers, suppliers, and shareholders.
Bank of Baroda has reached a 600 million dollar settlement with administrators of the insolvent NMC Health Plc. The agreement resolves claims tied to a fraud uncovered between 2012 and 2020.
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Brauerei Wolters in Braunschweig has filed for self-administered insolvency. Persistent sales weakness and rising costs are the reasons. The operation is to be restructured.
French publisher Nacon has delayed its Nacon Connect event from March 4, 2026, to May, citing financial pressures from its recent insolvency filing. Game releases, including GreedFall: The Dying World on March 12, remain on schedule.
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French video game publisher Nacon has filed for insolvency after failing to meet its debt obligations. The company aims to use the procedure to continue operations and renegotiate with creditors while protecting jobs. This follows the recent release of titles like Styx: Blades of Greed and Hell is Us.