Sponsored Content
Signa Crisis: Call to Investors for Financial Support
Signa Holding, a prominent real estate company, is facing financial difficulties. Erhard Grossnigg, the Chief Restructuring Officer of the Signa subsidiaries Prime and Development, has sent a letter to investors urgently requesting additional funding.
The Signa Group's construction sites have come to a standstill due to the company's crisis. / Picture: © Wikimedia Commons/ Uwe Rohwedder/ CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)
The required sum of 350 million euros is to support the two insolvent stock corporations over the next three to four months. This step is necessary to secure self-administration in the insolvency proceedings and avoid distress sales.
According to Grossnigg, maintaining liquidity is crucial to continue the construction projects and maintain the true value of the companies,
or Log In
Fast News Search