Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Inapa Portugal, a paper and packaging distributor, is in an insolvency process that will affect around 200 workers. The judicial administrator in charge of the process, stating that the debtor informed the impossibility of the viability of a revitalisation plan. Inapa filed for insolvency in 2024 following funding difficulties in the German subsidiary. The company had previously requested €12 million in State financing, which was refused by the government.
At the end of September, creditors approved the sale of Inapa Packaging to French company Next Pack for €20 million and Inapa France to Japanese company JPP for €25 million.
Inapa's bank debt amounted to €167 million, with BCP and Novo Banco among the main creditors. The company's collapse resulted in losses exceeding €8 million for the Portuguese State.
Eurofound (2025), Inapa, Bankruptcy in Portugal, factsheet number 202317, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202317.