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Rene Benko, one of Europe's most prominent property tycoons, on Wednesday relinquished the chairmanship of Signa Holding, the real estate empire he founded, amid an investor revolt and dimming...
Rene Benko, one of Europe's most prominent property tycoons, on Wednesday relinquished the chairmanship of Signa Holding, the real estate empire he founded, amid an investor revolt and dimming prospects for the sector. Signa's troubles have come to symbolise the repercussions of a surge in interest rates on companies that have borrowed heavily to grow. Born in 1977 in Innsbruck, Rene Benko dropped out of school and began by turning attics into apartments.
By Matthias Inverardi, Alexandra Schwarz-Goerlich and Tom Sims VIENNA/DUESSELDORF/FRANKFURT (Reuters) - Rene Benko, one of Europe's most prominent pro...