There is a major financial injection for at least part of René Benko’s floundering Signa group. The bankrupt Signa Prima now receives a loan of 100 million euros from Great Britain.
The money is intended to secure the further liquidation of the ailing real estate company. Signa Prime was granted the loan from the British private equity fund Attestor.
“This allows the company’s liquidity to be significantly stabilized with the aim of structured use of the assets. The trust restructuring plan that creditors adopted in the course of the restructuring plan of March 18, 2024 will thus be placed on a stable financial basis,” restructuring manager Norbert Abel said on Friday before it was broadcast.
Source: Krone
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