Another Swiss Signa company receives more time for debt restructuring moratorium
Published: Friday, Apr 5th 2024, 14:11
Updated At: Saturday, Apr 6th 2024, 01:59
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Another Swiss company in the struggling Signa empire has received a provisional extension of its debt restructuring moratorium. The bankruptcy decision was postponed for Signa Retail Home & Living Holding GmbH.
The District Court of Zurich has granted an extension of the debt-restructuring moratorium until August 8, 2024, according to an entry published in the Swiss Official Gazette of Commerce on Friday. The extension begins on April 8.
The bankruptcy decision for Signa Financial Services AG and Signa Real Estate Management Schweiz GmbH was extended until May 31, 2024. The provisional debt restructuring moratorium for Signa Retail Selection AG, through which the conglomerate holds the Globus shares, was extended until June 5 just over a week ago.
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