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Financial Turbulence and Internal Conflicts Shake Signa Group Severely
The Signa Group's financial crisis reached a new peak when creditors filed claims totaling EUR 6.3 billion against Signa Prime, of which only EUR 2.6 billion were recognized by the restructuring administrator Norbert Abel. The hearing at the Vienna Commercial Court revealed that the group's financial difficulties are deeper than previously thought, with a significant proportion of the claims in dispute.
The insolvency within the Signa Group has led to internal conflicts, as reported by ORF. In particular between Signa Holding and Signa Prime Selection, with demands for more say and a review of the agreed property sales. The planned sales of high-quality properties such as the Park Hyatt and the Goldenes Quartier in Vienna…
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