Over 15 billion in receivables from central Signa groups of companies
Published: Thursday, Mar 21st 2024, 10:21
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In the insolvency of the two central Signa groups Prime and Development, more than 15 billion euros in claims have been filed. Half of this was recognized by the court.
80 to 90 percent of the receivables are held abroad, with Raiffeisen Bank International holding the largest chunk in Austria with a good 430 million euros. All Austrian banks together have reported 650 million euros, KSV expert Karl-Heinz Götze explained today on "Ö1-Morgenjournal".
This is clear from the registration lists available to "Ö1". Wifo banking expert Thomas Url said on Thursday morning that there is no danger for domestic banks, as they are very well secured in the land register and are given priority over other creditors. The situation is different for insurance companies that have subscribed to bonds - however, the volumes here are so small that he does not fear any impact on the industry.
The list of creditors also includes prominent names, such as the former Austrian Chancellor Alfred Gusenbauer with a claim of 130,000 euros and the former German Foreign Minister Joschka Fischer with 90,000 euros. High claims would come from creditors from Thailand, the United Arab Emirates, Germany, Switzerland, Italy, Luxembourg and Iceland, according to Götze.
The creditor structure consists mainly of banks, insurance companies, funds and guarantees for Signa projects and various smaller claims. If the restructuring plan works, the creditors can hope to receive just under a third of the sums.
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