Brief: Inapa's Unit Submits Request For Insolvency Declaration

Inapa Investimentos Participacoes e Gestao SA

16/08/2024 06:15

Aug 16 (Reuters) - Inapa Investimentos Participacoes e
Gestao SA  INA.LS :
    * SAID ON THURSDAY ITS SUBSIDIARY, INAPA ESPANA
DISTRIBUCION DE PAPEL, SUBMITTED REQUEST FOR DECLARATION OF
INSOLVENCY TO COMMERCIAL COURT OF MADRID
    * REQUEST IS DIRECT CONSEQUENCE OF INSOLVENCY DECLARATION OF
INAPA
    * INAPA INSOLVENCY RESULTED IN PAPER SUPPLY INTERRUPTION TO
SUBSIDIARY, EARLY MATURITY OF CERTAIN CREDIT LINES OBTAINED BY
SUBSIDIARY AND RECOGNITION, IN EQUITY, OF IMPAIRMENT OF AMOUNTS
RECEIVABLE BY SUBSIDIARY FROM INAPA 

        
 Source text: https://tinyurl.com/yx3eb3e5,  urn:newsml:reuters.com:*:nL8N3JE06D
 Further company coverage:  INA.LS  

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