Signa Holding faces claims of $9 billion – insolvency manager
VIENNA (Reuters) – The troubled European Signa holding company is facing claims totalling 8.613 billion euros ($9.32 billion), its court-appointed manager said on Monday, a figure that is 70% more than debts…
Signa Development files for insolvency with $1.3 billion in debts -KSV
FRANKFURT (Reuters) -Signa Development, a key division of European property company Signa, filed for insolvency on Friday in a Vienna court with debts of around 1.16 billion euros ($1.28 billion), the KSV…
Factbox-Benko’s complex web at Signa – from Chrysler building to Berlin landmark
(Reuters) – Signa Holding’s insolvency on Wednesday has cast a spotlight on the complex structure of the debt-ridden Austrian property empire, whose holdings span from New York’s Chrysler building to shares in…
Peugeot Invest to update valuation of its stake in Signa end 2023
PARIS (Reuters) – Peugeot Invest, one of the main shareholders of carmaker Stellantis, said on Thursday it will update at the end of the year the valuation of its stake in Signa,…
Julius Baer declines to confirm Signa exposure
ZURICH (Reuters) – Julius Baer’s Chief Executive declined to confirm on Wednesday whether the private bank’s 606 million Swiss franc ($693 million) exposure it disclosed earlier this week is to toppled property…
Julius Baer shares slide another 5% on Signa worries
ZURICH (Reuters) – Wealth manager Julius Baer’s shares slumped another 5% on Tuesday, bringing its total decline since the start of last week to more than 20%, on fears over its exposure…
Signa unit confirms bankruptcy filing in letter to employees – Wirtschaftswoche
FRANKFURT (Reuters) – Signa Real Estate Management confirmed its bankruptcy filing in a letter to employees on Friday evening, German magazine Wirtschaftswoche reported on Saturday, citing a copy of the letter. In…
Benko’s Signa unit seeks $2.2 billion funding amid property crisis – Bloomberg News
(Reuters) – Property tycoon Rene Benko-founded Signa Group’s Prime unit has approached investors to seek up to 2 billion euros ($2.17 billion) in funding, Bloomberg News reported on Wednesday, citing people familiar…
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