Signa founder: Investor René Benko’s private foundation files for bankruptcy
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854 million euros – that’s how high the debts of René Benko and his mother’s foundation are said to be. Insolvency proceedings have now been filed in Austria.
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After his personal bankruptcy, the family foundation of the Austrian investor René Benko now also has insolvency Registered. The two Austrian credit protection associations KSV1870 and the Alpine Creditors Association announced that bankruptcy proceedings had been opened at the regional court over the assets of the private foundation.
According to the bankruptcy filing, the foundation founded by René and his mother Ingeborg Benko in 2001 Debts amounting to 854 million euros. The foundation is an important part of the Benko Group. According to the credit protectors, it holds several holdings, including 10.1 percent in the insolvent Signa Holding, the real estate group’s umbrella company.
This article will continue to be updated.
After his personal bankruptcy, the family foundation of the Austrian investor René Benko now also has insolvency Registered. The two Austrian credit protection associations KSV1870 and the Alpine Creditors Association announced that bankruptcy proceedings had been opened at the regional court over the assets of the private foundation.
According to the bankruptcy filing, the foundation founded by René and his mother Ingeborg Benko in 2001 Debts amounting to 854 million euros. The foundation is an important part of the Benko Group. According to the credit protectors, it holds several holdings, including 10.1 percent in the insolvent Signa Holding, the real estate group’s umbrella company.
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