“The insolvency administrator has indicated that the insolvency estate is not sufficient to meet the insolvency claims,” says an announcement dated July 12. Signa Prime Beteiligungen GmbH has also withdrawn the application for a restructuring plan.
The restructuring proceedings without self-administration, which were applied for on May 24 in the wake of the financial turbulence in the Signa Group, were accordingly changed to bankruptcy proceedings. The hearing scheduled for September 30 was cancelled.
Signa Prime Beteiligungen GmbH was founded in 2010 and was responsible for holding indirect investments in SIGNA Prime Selection AG.