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Signa Holding To Enter Bankruptcy Proceedings

Insolvency Administrator Does Not Expect Meaningful Recoveries From Subsidiaries
Signa was founded by Austrian entrepreneur René Benko.  (dpa/picture alliance via Getty Images)
Signa was founded by Austrian entrepreneur René Benko. (dpa/picture alliance via Getty Images)

Signa Holding has withdrawn a restructuring plan and will enter bankruptcy proceedings as the insolvency administrator does not believe there will be any meaningful recoveries from the Austrian company’s subsidiaries.

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