Attestor Provides €100 Million Credit to Signa Prime

Alina Fischer
1 min read

The insolvent luxury real estate division of René Benko is set to receive a mass credit of up to 100 million euros from Attestor, a finance investor specializing in restructurings. This funding aims to stabilize the liquidity of Signa Prime Selection and ensure the structured sale of properties, thus preventing forced sales. The announcement by the insolvency administrator on Good Friday confirmed the significance of this credit in stabilizing the operations. The mass credit, preferred over older claims against an insolvent company, emphasizes the strategic nature of this financial support. With this development, Signa Prime Selection looks to maintain its operations and navigate through the insolvency process with stability.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines.The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings