The insolvency administrator of Signa Holding, Christoph Stapf, announced this on Thursday. This means that there is no longer a minimum quota for servicing creditors’ claims.
This was justified by the fact that the restructuring concept was based primarily on the value-preserving restructuring of the important investment companies – in particular Signa Prime and Signa Development. As a shareholder, Signa Holding would only participate in the 4th place in the proceeds from the implementation of the trust restructuring plans of the two Signa core companies. Signa Holding is therefore no longer expected to have any significant investment values from its investments in Signa Prime and Signa Development, the statement said.
