The real estate group Signa, which has gotten into difficulties, has been transferred to a neutral company. On November 10, the Benko 2017 Zwei GmbH family transferred their share in Signa Holding GmbH to two Swiss stock companies called Eugster/Frismag AG and AE Familienholding AG. According to Forbes, Benko’s fortune has halved since the summer.
According to the official gazette, the changes at Benko 2017 Zwei GmbH – which is 100 percent owned by the Innsbruck-based private foundation family Benko – were registered in the commercial register on Tuesday. The new shareholders together have a share of 11.5 percent. Eugster/Frismag AG, based in Amriswil, is a manufacturer of coffee machines for brands such as Jura, Melitta and Miele, founded by Arthur Eugster.
AE Familienholding AG is also part of the Eugster family. The Swiss family of investors was already believed to be involved, but according to media reports, their voting rights were until recently represented in trust by Signa founder René Benko.
“Forbes”: Benko’s assets have halved since the summer
According to the American magazine Forbes, the estimated net worth of Signa founder René Benko has shrunk by more than half in just a few months. In the summer, Forbes estimated Benko’s net worth at around $6 billion (the equivalent of about $5.5 billion), but by the end of November it was down to $2.8 billion (about $2.55 billion). ). The 46-year-old real estate juggler dropped from 425th to 1,105th place worldwide.
Forbes’ calculations include how much each billionaire’s stock is worth. Benko’s wealth is therefore mainly based on the share that Benko holds in Signa.
According to “Wirtschafts-Compass”, the private foundation of the Benko family directly and indirectly owns approximately 66 percent of Signa Holding GmbH. As the real estate group’s difficulties became increasingly apparent in the autumn, the value of Benko’s Signa share also fell.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
