Two Signa units file for insolvency - Sharecast.com
Two subsidiaries of major European property company Signa have filed for bankruptcy, the company said on Thursday.
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Two subsidiaries of major European property company Signa have filed for bankruptcy, the company said on Thursday.
Move raises further concerns about the health of the property industry
European property company Signa today said that two key divisions are filing for insolvency, a significant development in the unravelling of founder Rene Benko's real estate empire. Signa Prime Selection filed for self-administrated restructuring in a Vienna court today, and Signa Development
Signa Prime Selection AG, which owns a top Berlin department store, is the latest Signa subsidiary to open bankruptcy proceedings. �� Top Subsidiaries of Property Giant Signa File for Bankruptcy.
Signa Insolvency: GERMANY-PROPERTY/SIGNA (UPDATE 3, PIX)UPDATE 3-Two key Signa divisions filing for insolvency in hit to real-estate empire