Signa – Geiwitz brings in restructuring specialists for Signa Prime and Development

Arndt Geiwitz, who took over the chairmanship of the advisory board and shareholder committee from Rene Benko a few days ago, has brought Ralf Schmitz into the two companies as Chief Restructuring Officer (CRO). Signa announced on Friday that he will be responsible for the operational implementation of the restructuring as an additional board member.

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Regarding the as yet unclear transfer of voting rights from Benko to Geiwitz, Friday’s broadcast states: “For the duration of the restructuring, Arndt Geiwitz will represent the interests of the Benko family private foundation on his own responsibility.” Rene Benko’s voting rights were not formally transferred to Geiwitz, but in fact he is allowed to exercise them fully and independently. However, Signa cannot yet estimate how long the restructuring will take.

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