Insolvent Austrian property
company Signa Prime Selection, part of the troubled Signa
empire, has sold the luxury Hotel Bauer on Venice s Grand Canal
as part of a deal with German industrialist family. -April 26, 2024 at 06:08 am EDT
- MarketScreener
Signa Agrees Sale of Iconic Venice Hotel to Schoeller Group bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Signa Prime Selection: Signa, the property group founded by Rene Benko, has become the biggest casualty so far in Europe s real estate crisis, with creditors filing claims totalling billions of euros.
(Bloomberg) A Signa Prime Selection AG creditor committee has rejected plans to sell a portfolio of Austrian property to the Schoeller Group, according to two people familiar with the matter.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackChina Has Never Canceled This Many Shipments of US WheatTech CEOs Are Addicted to Taking Needless RisksChinese Stocks Gain 20% From Lows, Fueling Market Bottom CallsThe initial decision casts doubt on a deal that insolve
(Bloomberg) Signa’s flagship property unit is close to an agreement to sell a portfolio of luxury Austrian assets to Germany’s Schoeller Group, according to people familiar with the matter.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackThese Are the Best Countries for Wealthy ExpatsStock Traders Hit Pause at Start of Inflation Week: Markets Wrap‘Oppenheimer’ Wins Seven Oscars Including Best Picture, DirectorA transaction would be the first major deal wit