Signa Holding Abducted Insolvency by One Year

Die Presse

Lean Right

Factuality

Ownership

The operating loss of Signa Holding already amounted to around 650 million euros at the end of 2022 – almost a year before the insolvency. Experts confirm this.

nachrichten.at

Factuality

Ownership

VIENNA. Signa Holding's operating loss amounted to around 650 million euros in the year before its bankruptcy.

stol.it

Factuality

Ownership

The examination of further claims for liability and challenge continues to run. Up to now, the insolvency administrator has called for claims for challenge of more than 315 million euros in court. Out of court, 3.7 million euros have been raised so far. "Significant procedural delays are expected"Due to a change of judges, however, Stapf expects "significant procedural delays". This affects, among other things, the civil proceedings against the …

der Standard DE

Factuality

Ownership

An arbitration suit in London, a change of judges in Vienna and adjourned proceedings against Alfred Gusenbauer, for example: The resolution of the Signa bankruptcy encounters new complications

manager magazin

Factuality

Ownership

The insolvency administrator of Signa Holding has provided new details: The real estate conglomerate is said to have already recorded losses of €650 million in the year before its bankruptcy. The trial against Signa founder René Benko will soon begin.

Kurier

Factuality

Ownership

According to an expert report, the material insolvency of Signa Holding already occurred in November 2022 at the latest. The bankruptcy was not notified until about a year later.