Signa’s Insolvency Yields Long List of Creditors and Questions
- Signa Holding insolvency risks more than €5b of liabilities
- List of 273 creditors includes Saudi fund, lawyers, florist
Photographer: Georg Hochmuth/AFP/Getty Images
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An insolvency filing by Signa Holding shines some light on the complex dealings of the umbrella organization of Rene Benko’s property and retail empire.
The court application, seen by Bloomberg, includes a preliminary list of creditors, offering a glimpse of an operation that lured high-profile investors as it lapped up trophy assets like New York’s Chrysler Building, Selfridges department store in London and Berlin’s KaDeWe.