Signa Insolvency: 28 Billion Euros Receivables and Years of Processes
8 Articles
8 Articles
There are 28 billion euros of demands in the Signa exchange procedure. Legal review could take more than a decade.
VIENNA. In bankruptcy proceedings involving the real estate group Signa of Grnder Ren Benko, claims of 27.6 billion euros have been filed so far.
The mass manager of Rene Benko's real estate group acknowledges 9.5 billion euros. The remaining money is being contested.
27.6 billion euros: so high are the claims previously filed in the Signa concurrency procedure. In fact, only a part of the sum has been recognised so far.
Only about 9.5 billion euros has been recognized by the mass administrator so far. He does not expect any larger claims
According to Götze, no further large claims are expected. There is still a dispute about the recognition of the remaining money. Signa Prime accounts for the largest part of the receivables. Signa Prime accounts for the largest part of the receivables with 11.8 billion. Signa Prime is already assumed to account for about 5 billion. Signa Holding (2.8 billion recognised). Signa Development and Benko's private business account for a total of aroun…
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