The creditors of the bankrupt Signa Prime and Signa Development have accepted the restructuring plan presented. You will receive a quota of 30 percent that will be paid out within two years. The assets are used through a trust solution. Is that also the best solution? The “Krone” asks the credit protector.
Very surprisingly, the creditors voted in favor of the restructuring plan that was presented on Monday during the hearing of the commercial court. In advance, Wolfgang Peschorn, chairman of the Financial Prosecutor’s Office and therefore the highest interest representative of the Republic, spoke out against the fiduciary solution. He justified this by saying that the necessary liquidity for a slow sale was “not currently in sight”.
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.
