2023-11-27 16:56:34
The week of decision has arrived for the wavering Signa Holding of the Tyrolean real estate entrepreneur René Benko. The extremely complex and confusing group lacks liquid funds and is urgently looking for capital. At the end of the month, on Thursday, a 200 million euro bond will be due – and that’s just the start. Signa is expected to need 500 million euros by the end of the year. According to insiders, negotiations were recently underway with hedge funds “as a last attempt” to bring in the necessary money. If that doesn’t work, the Signa core companies would probably follow their German real estate subsidiary and the sports trading subsidiary Signa Sports United into bankruptcy.
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