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Signa Holding to File For Restructuring in Self-Administration

Signa Holding to File For Restructuring in Self-Administration
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Signa Files Insolvency as Cash Crunch Fells Luxury Empire

(Bloomberg) Austrian tycoon Rene Benko’s Signa filed for insolvency after a last-ditch attempt to raise emergency funding failed, making the co-owner of New York’s Chrysler building one of the most prominent casualties of Europe’s property crisis.Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Musk’s Cybertruck Is Already a Production Nightmare for TeslaBill Ackman Bets Fed Will Cut Interest Rates as Soon as First QuarterHamas Releases 12 Hostages Despite ....

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European Property giant Signa files for bankruptcy in Austria

The filing is a bitter blow for self-made mogul Rene Benko ....

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Signa Ditches Embattled Founder to Save €23 Billion Empire

(Bloomberg) Signa Holding GmbH replaced founder Rene Benko with a restructuring expert as a financial crunch threatens the troubled €23 billion ($25 billion) real estate group that co-owns New York’s Chrysler Building and the Selfridges department store in London. Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Virginia Democrats Fend Off Republican Sweep in Win for Abortion RightsXi to Meet US Business Leaders for Dinner in San FranciscoTrump's Wealth ....

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Commercial property: Rene Benko to step down from Signa, owner Selfridges, Chrysler Building, amid cash crunch caused by plunging valuations

The end of cheap money has sparked widespread turmoil in commercial property markets, and Signa has been hit particularly hard. ....

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