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Signa Holding faces claims of $9 bln - insolvency manager

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 ....

Christof Stapf , Alexandra Schwarz Goerlich , Tom Sims , Matthias Williams , European Signa , Chrysler Building ,

Signa Holding faces claims of $9 billion - insolvency manager

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. ....

Matthias Williams , Tom Sims , Christof Stapf , Alexandra Schwarz Goerlich , European Signa , Chrysler Building , Signa Holding ,

OMV, ADNOC to iron out terms of deal for chemicals tie-up - sources

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,. ....

Alexandra Schwarz Goerlich , Jane Merriman , Anousha Sakoui , Abu Dhabi Mubadala , Ron Bousso , Emma Victoria Farr , Abu Dhabi , Abu Dhabi National Oil Co ,

Property group Signa's Prime unit can fund operations, administrator says

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 ....

Francois Murphy , Alexandra Schwarz Goerlich , Signa Prime Selection , Signa Prime , Louise Heavens ,

Property group Signa's retail foray was a mistake, senior executive says

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 ....

United Kingdom , Francois Murphy , David Holmes , Rene Benko , Alexandra Schwarz Goerlich , Kika Leiner , Galeria Karstadt Kaufhof , European Central Bank , Swiss Department , Signa Holding , Signa Development , Signa German Department , Social Democrats , Signa Prime Selection , Signa Sports United ,