Attestor Backs Signa Prime Restructuring With €100 Million LoanGreece to Increase Minimum Wage by €50 a Month From April 1Older US Office Buildings Left ‘Stranded,’ Morgan Stanley SaysUS Mortgage Rates Drop, Giving House Hunters More Buying PowerHome Depot to Buy Roof-Supply Firm SRS for About $18.
87 MillionBayer-Backed Boundless Bio Falls 9% After $100 Million IPOCiti Strategists Downgrade US Tech Stocks as Rally to BroadenKorean Banks Say to Compensate Investors for China-Linked NotesAsian Stocks to Open Higher After US Notches Gains: Markets WrapPortugal’s New Premier Picks Sarmento as Finance MinisterPlans for World’s Fastest Train Service Delayed as Japan Ditches 2027 TargetSyngenta Plans to Withdraw China IPO Application on Weak MarketA Historic British Chapel Is Powering Easter...
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Billionaire Peugeot Dynasty Takes Near $300 Million Signa HitThe billionaire Peugeot family has revealed the extent of its losses from investments in the collapsed Austrian property empire Signa, a further black mark in the clan’s track record on diversification.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Signa Creditors Demand Answers on $700 Million of Missing FundsAfter backing a restructuring plan on Monday, bondholders of one of Signa Holding GmbH’s key property units are still demanding answers over a missing batch of funds worth around €675 million ($737 million.)
Source: BNNBloomberg - 🏆 83. / 50 Read more »
ECB’s €1 Trillion Property Loan Crackdown Shown in Signa ProbeEuropean Central Bank staff were concerned. After grilling more than half a dozen German and Austrian banks about their loans to property tycoon Rene Benko’s €23 billion ($25 billion) empire last year, they came away worried its lenders could be sitting on losses that they had yet to recognize.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Signa Prime’s Loan From German Family Stymies New Funding EffortA €200 million ($218 million) loan to Signa’s flagship property unit has become a roadblock in attempts to sell off its assets and fund a restructuring, according to insolvency administrators.
Source: BNNBloomberg - 🏆 83. / 50 Read more »