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Five-Star Venice Hotel Is a Glimmer of Hope for Signa Prime CreditorsA five-star hotel in Venice might just be one of the best chances for creditors of its insolvent owner, Signa Prime Selection AG, to recoup some of their losses.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Signa Unit That Owns Selfridges Offers Creditors 30% RepaymentThe Signa luxury unit that co-owns the Selfridges department store in London plans to offer creditors a 30% repayment on their debt under the current restructuring proposal.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Signa Prime Is Set to Present Repayment Plan in Bid to Avert LiquidationSigna Prime Selection AG will lay out on Monday how it plans to pay back creditors, marking a crucial step in its effort to avoid liquidation.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Signa Prime’s Loan From German Family Stymies New Funding EffortA €200 million ($218 million) loan to Signa’s flagship property unit has become a roadblock in attempts to sell off its assets and fund a restructuring, according to insolvency administrators.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
ECB’s €1 Trillion Property Loan Crackdown Shown in Signa ProbeEuropean Central Bank staff were concerned. After grilling more than half a dozen German and Austrian banks about their loans to property tycoon Rene Benko’s €23 billion ($25 billion) empire last year, they came away worried its lenders could be sitting on losses that they had yet to recognize.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Billionaire Peugeot Dynasty Takes Near $300 Million Signa HitThe billionaire Peugeot family has revealed the extent of its losses from investments in the collapsed Austrian property empire Signa, a further black mark in the clan’s track record on diversification.
Source: BNNBloomberg - 🏆 83. / 50 Read more »