Inapa drops 90% after it files for insolvency

Inapa Investimentos Participacoes e Gestao SA

30/07/2024 08:38

** Portugal's Inapa  INA.LS  plummets around 90% as trading
in its shares resumed following suspension after the company
said it had filed for insolvency 
    ** Trading in Inapa's shares had been suspended since July
22, when the company said it was imminently insolvent and would
be filing for insolvency, due to the insolvency of its German
unit Inapa Deutschland
    ** Today's losses so far wiped off 13.5 million euros from
company's market cap, which now stands at 2 million euros
    ** Up to the previous session's close, shares were down 6%​
YTD
 

 (Reporting by Joao Manuel Mauricio)
 ((JoaoManuel.VicenteMauricio@thomsonrueters.com))