2024-01-14 20:35:00
Monday will be an exciting day for the crumbling Signa group. On the agenda in the afternoon are the two creditor meetings for Signa Prime and Signa Development. In addition, the deadline set by Signa restructuring board member Erhard Grossnigg for a 350 million euro capital injection is expiring. The money would be necessary to ensure self-administration restructuring procedures and to avoid emergency sales.
The creditors’ meeting and reporting meeting for Signa Prime is scheduled for next Monday, January 15th, at 1:00 p.m. at the Commercial Court in Vienna, and for Signa Development at 3:00 p.m. Signa Prime insolvency administrator Norbert Abel and Signa Development restructuring administrator Andrea Fruhstorfer will inform creditors about the status of the insolvency proceedings and the financial plan.
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