The troubled European Signa
holding company is facing claims totalling 8.613 billion euros
, its court-appointed manager said on Monday, a
figure that is 70% more than debts originally flagged last. -January 29, 2024 at 08:00 am EST
- MarketScreener
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 originally flagged last year when it filed for insolvency. The insolvency manager, Christof Stapf, said that it had recognized only a fraction of the claims so far - just 80.3 million euros - and that many of the claims arrived without necessary supporting materials or late. Signa is the biggest casualty so far of Europe's property crisis.
Abu Dhabi
National Oil Co and Austria s OMV are poised
to resume talks to agree final terms of a tie-up that would
create a chemicals group with more than $20 billion in combined
annual sales,.
A unit of Austrian property
group Signa that holds much of the group s most valuable assets,
Signa Prime Selection, is able to fund its operations while
insolvency proceedings continue, its. -January 15, 2024 at 07:15 am EST
- MarketScreener
It was a mistake for Austrian property group Signa to venture into the retail business, since that cost it capital that was sorely missing when it tried to stave off insolvency, executive Alfred. -January 13, 2024 at 10:09 am EST
- MarketScreener