At the battered one Signa-Group of René Benko – Some of the companies in the huge network, such as Signa Holding, have already filed for insolvency or bankruptcy in Austria and Germany – Iron-clad savings are the order of the day; after all, renovation is the goal. In 2022, Signa Holding alone recorded loud numbers Crown newspaper (Sunday) yet
- 4.9 million euros travel
- 2.2 million private jets
- 409,000 euros hunting
- 722,000 euros in security and
- 463,000 Euro Helicopter costs.
According to APA information, preparations are already being made for the immediate discontinuation of all sub-operations that are not absolutely necessary for the holding’s business operations and the immediate disposal of all corresponding assets.
This means that the insolvency administrator of Signa Holding, Christoph Stapf, wants to monetize everything that is not necessary for the operation of the holding company as quickly as possible in order to be able to carry out the restructuring. It’s about streamlining the company’s actual purpose.
Travel expenses and 2.7 million for lawyers
The insolvent Signa Holding, whose restructuring is being sought, “primarily manages the investments it holds and in this context also takes on representation and business initiation tasks,” it says. The monthly travel expenses are now stated in the liquidity plan for the next three months, which Signa Holding submitted to the court as part of the bankruptcy filing Krone only stated at 23,000 euros.
➤ Read more: 5 billion euros: This is how the Signa insolvency should be managed
According to the report, Signa Holding also paid 2.7 million euros for lawyers last year. For the next three months there are still 50,000 euros.
2023-12-03 10:35:45
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