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Austria property giant Signa to file for insolvency

Austrian real estate giant Signa -- whose vast portfolio includes New York's iconic Chrysler building -- on Wednesday announced it would initiate insolvency proceedings, filing for court protection as it undergoes restructuring.The company said it would initiate insolvency proceedings at a Vienna court on Wednesday.
New York United States Rene Benko Signa Holding Gmb Signa Holding Gmbh Insolvency Proceedings
Source: yahoo.com

Austrian property tycoon's Signa to file for insolvency

Rene Benko's real estate giant Signa -- whose vast portfolio includes New York's iconic Chrysler building -- on Wednesday announced it would initiate insolvency proceedings, marking the spectacular downfall of the self-made Austrian tycoon. Signa said it would initiate insolvency proceedings at a Vienna court on Wednesday.
New York United States New York Stock Exchange United Kingdom Ivo Sanader Rene Benko
Source: yahoo.com

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