In late autumn 2023, shortly before and shortly after the bankruptcy of Signa Holding, a total of five million euros will be transferred to Austria by the Benkos Liechtenstein Foundation. Not directly to René Benko, but via a detour, as confidential documents show.
It is November 2023, when the impact in René Benko’s group is getting closer. The financial fuel needle of the Signa tanker, which is loaded with billions in debt, has been in the deep red zone for months. Benko’s co-investors are holding on to the last drop by appointing a German restructuring expert. Fresh capital is hard to come by; the search for new investors is about as difficult as finding a needle in a haystack.
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.
