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Financial Crisis at Signa: Bankruptcy Proceedings Initiated for Subsidiaries
The financial difficulties of Signa's flagship Signa Prime Selection lead to further negative developments within the group.
The wholly-owned subsidiary Signa Real Estate Management GmbH is facing bankruptcy proceedings, which have been applied for at the Commercial Court of Vienna. This was announced by the creditor protection associations AKV and KSV1870, as reported by ORF.
The company, which has liabilities of around 60 million euros…
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