Apollo Global Management Inc. agreed to buy Forvia SE’s auto interiors business for an enterprise value of €1.82 billion ($2.1 billion), helping the French supplier cut debt and streamline its business, Bloomberg News reported. The carve-out transaction, which is subject to closing conditions including regulatory approvals, is expected to be completed in the second half of this year, Apollo said Monday in a statement on its website. Bloomberg reported last week that the asset manager was close to a deal for the business. Forvia shares climbed as much as 4.2% in early trading in Paris.
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Europe needs more euro-based stablecoins, French Finance Minister Roland Lescure said on Friday, and urged the bloc's banks to explore tokenised deposits to help end U.S. dominance in digital payments, Reuters reported. In pre-recorded comments at a crypto conference in Paris, Lescure said the relatively small volume of euro-pegged stablecoins compared to dollar-pegged ones was "not satisfactory". Banks worldwide are experimenting with stablecoins, a type of cryptocurrency designed to maintain a constant value and backed by traditional currencies.
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Nacon, the French gaming publisher, has postponed its highly anticipated Nacon Connect showcase until later in May, citing financial troubles stemming from a missed loan repayment by its majority shareholder, Bigben Interactive. The company has filed for insolvency and is now focused on restructuring its debt and securing its long-term viability, NationalToday.com reported. Nacon's financial woes have raised concerns among gaming enthusiasts and industry observers about the company's future.
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AS Monaco took an important step on Friday, April 3, in its financial case, Basket News reported. Four weeks after the appointment of judicial administrator Stephane Garino, the Roca Team was not declared insolvent, according to Gabriel Pantel-Jouve of BeBasket. The Monegasque court has postponed the case until June 12, 2026, giving the club temporary breathing room to sort things out. This temporary relief largely comes from emergency state intervention, which provided enough money to avoid immediate bankruptcy.
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National carrier Air Calédonie filed for bankruptcy protection on March 27, 2026, in regional French courts, The Street reported. The flag carrier for the remote French overseas territory of New Caledonia, Air Calédonie has faced almost two months of protests over the decision to move the airline’s base in the capital city of Nouméa to a more distant airport. The carrier serves a remote territory in the South Pacific made up of more than 130 smaller islands. For many locals, the airline is a lifeline for transportation to hospitals, grocery stores and other critical infrastructure.
A French decree will protect investors’ cryptos when platforms go bankrupt, The Currency Analytics reported. As of April 2026, holders of digital assets will have the same rights as those with traditional financial securities. The decree follows reforms launched in 2024. It strengthens the legal framework around digital assets. If a platform collapses, users’ cryptocurrencies remain their property. All platforms registered in France are affected. They must separate clients’ assets from their own funds.
French hauliers are scrambling to recover unpaid invoices after Ziegler France entered court-supervised restructuring, Trans.Info reported. With offers from potential buyers due before a 31 March court hearing, the fallout is already spreading beyond the company itself. The scale of the exposure is already substantial. According to FNTR Bretagne, around 40 member companies have reported roughly €3 million in claims linked to Ziegler France, with some individual operators allegedly exposed for more than €1 million.
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Nacon subsidiaries Spiders, Kylotonn, Cyanide, and Nacon Tech have filed for insolvency, GamesIndustry.biz reported. As Game Developer reports, the France-based studios have commenced reorganisation proceedings at the Lille Métropole Commercial Court. Spiders is known for working on Greedfall franchise, Kylotonn oversees the World Rally Championship series, and Cyanide worked on the Styx and Blood Bowl franchises. All of the developers are based in Paris.
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French AA gaming developer and accessory manufacturer Nacon said that it has filed for insolvency after its majority shareholder Bigben failed to make a loan repayment, Endgadget.com reported. "To date, the company reports available assets do not allow it to meet its liabilities," Nacon wrote. The objective with insolvency, it said, was to allow "continued operation, protect employees and maintain jobs while renegotiating with its creditors." Nacon is behind the games Styx: Blades of Greed and was set to publish Terminator: Survivors before that title was delayed.
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According to a report released Thursday by the French National Institute of Statistics and Economic Studies (INSEE), the workforce in the country's automotive industry diminished by a third between 2010 and 2023, Euronews.com reported. This includes manufacturers, equipment makers and other suppliers, with the bulk of the disruption being caused by car manufacturers who cut 46,000 jobs during the 13-year period observed in the study. Falling sales due to Chinese competition, among other factors, exacerbated the issue and led to consequent factory closures and relocations.
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