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The Future of a Crumbling Empire: René Benko's Signa Group in Insolvency
The insolvency of the Signa Group, an Austrian company active in various sectors, including the real estate market, has far-reaching implications. Read more about the future of the Austrian flagship company!
A view of the Elbtower construction site in Hamburg, one of the most prominent real estate projects of the now insolvent Signa Group. / Picture: © Wikimedia Commons/ Uwe Rohwedder/ CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)
The insolvency of the Signa Group has far-reaching international repercussions. Signa, founded in 1999 by the Austrian René Benko, developed into a major real estate and retail group with a presence in several major European cities. The group is divided into two core divisions: Signa Real Estate and Signa Retail.
Signa Real Estate comprises companies that are mainly active in…
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