Germany’s RAG foundation writes off entire Signa investment -FAZ
FRANKFURT (Reuters) – Germany’s RAG foundation has written off all of its investments in Rene Benko’s insolvent Signa Group, RAG Chief Executive Bernd Toenjes said …
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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 …
Signa founder paid two-thirds of 3 million euro guarantee -insolvency admin
BERLIN (Reuters) – Signa founder Rene Benko has paid out two-thirds of a 3 million euro ($3.28 million) guarantee he personally promised at the beginning …
Toilet brushes and board tables auctioned in Signa fire sale
By Tom Sims FRANKFURT (Reuters) – Objects ranging from Signa’s leather-covered boardroom table to toilet brushes from the European property company’s Vienna offices are being …
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 …
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 …
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 …
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 …
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 …
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, …
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 …