Signa Prime and Development: Future Secured Despite Insolvency

PeopleOther ♦ Published: January 15, 2024; 21:36 ♦ (Vindobona)

The future of the two important branches of the Signa Group, Signa Prime and Signa Development, seems secure for the time being.

The insolvency administrators of both companies confirm that the costs of continuing the business are covered, which means that self-administration remains in place in both restructuring proceedings. Norbert Abel, the restructuring administrator of Signa Prime, emphasized the goal of restructuring the company instead of breaking it up.