An important subsidiary of the Laura Private Foundation of the Pleitier René Benko from Tyrolean René Benko is now Insolvent, as was known on Thursday. The obligations are therefore a considerable 404 million euros.
On Thursday, the Regional Court of Innsbruck made an already expected decision: Hercules with GMBH, formerly Laura Holding, opened bankruptcy procedures, as the loan protection associations reported. The obligations initially amounted to around 404 million euros. The company in the nearby area of the Laura Private Foundation of the Benkos must be closed and liquidated.
Minority
The obligations were compensated by assets of 44 million euros. The application now submitted by the company itself must be related to the claims of companies of the Insolvent Signna Group against Hercules that GmbH hold. Through the insolvency procedures of Signa Holding GmbH, Signa Prime Selection AG and Signa Development Selection AG and other real estate companies of these three companies, the assets of Hercules that gave GmbH were also “affected” was said by credit protection.
Hercules that holds GmbH has minority investments on most insolvent signa companies. It should no longer be possible to regulate related claims. A “restructuring concept” was no longer possible, it said.
Only one employee
Hercules with GmbH, located in the center of Innsbruck, is “a classic holding company, the goal of the company in the acquisition, the property, the administration and the sale of investments,” said credit form. Hercules that GmbH held up broke the economic decline of René Benko’s “Company Empire of René Benko”. Apart from the director, nobody is busy there.
The most important shareholder of Hercules Holding is the Laura Private Foundation with 42 percent, if its CO -Establishment and preferred René Benko’s mother. America Invest AG (34.9 percent), Fressnapf Luxembourg GmbH from Torsten Teller (10 percent), AE Familyhold AG (10 percent) and Swiss signal investor Ernst Tanner (3 percent) has smaller shares.
According to “Krone” information, the co -investors had in vain for more information about the interior of the expired company in recent months. Now it is due to the insolvency manager, bring the first light to the Laura -Dissertennis.
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.
