(Finance) – Attestoran investment company specializing in turnarounds, has granted a loan of 100 million euros to Signa Prime Selection AG, a unit of the European real estate group that entered into crisis in recent months. By order of the Vienna Commercial Court dated 28 December 2023, a self-administration restructuring procedure was opened on the assets of Signa Prime Selection AG.
The financing will allow you to stabilize liquidity and projects of Signa Prime Selection AG, ensuring a more orderly sales process, we read in a note.
As part of the restructuring plan, all usable assets will be made available to creditors to satisfy their claims and will be handed over to ABEL Rechtsanwalte as trustee after the restructuring plan has been legally confirmed.
(Photo: Photo by Sean Pollock on Unsplash)