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Signa Holding files for insolvency at the Vienna Commercial Court

Signa Holding files for insolvency at the Vienna Commercial Court
Tyrolean investor and Signa founder Rene Benko.
Image: APA/HANS KLAUS TECHT

The company announced this in a press release this morning. A restructuring procedure with self-administration is being applied for. The aim is an “orderly continuation of operational business operations” and a restructuring of the company. The group was in trouble due to high interest rates and construction costs.

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Source: Nachrichten

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