Brief: Inapa To File For Insolvency Proceedings

Inapa Investimentos Participacoes e Gestao SA

22/07/2024 07:16

July 22 (Reuters) - Inapa Investimentos Participacoes e
Gestao SA  INA.LS :
    * SAID ON SUNDAY SUBSIDIARY INAPA DEUTSCHLAND WILL BE
FILLING FOR
INSOLVENCY ON JULY 22
    * INSOLVENCY DUE TO SHORT-TERM CASH SHORTAGE OF INAPA
DEUTSCHLAND
OF 12 MILLION EUROS, FOR WHICH NO FINANCING SOLUTION WAS FOUND
    * BOARD OF DIRECTORS CONCLUDED THAT INAPA IS CONSEQUENTLY
AND
IMMINENTLY INSOLVENT
    * THEREFORE DECIDED ALSO ON PRESENTING INAPA TO INSOLVENCY,
WHICH
WILL BE FORMALIZED IN COMING DAYS

        
 Source text: https://tinyurl.com/5n7c7696
 Further company coverage:  INA.LS  

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