Signa creditors push back against Austrian asset sale plan
Hoardings with the Signa logo. Photo: Michaela Stache/Bloomberg
A Signa Prime Selection creditor committee has rejected plans to sell a portfolio of Austrian property to the Schoeller Group, according to two people familiar with the matter.
The initial decision casts doubt on a deal that insolvent Signa Prime had hoped would help address a bottleneck in its restructuring efforts. Negotiations between the firm and its lenders are ongoing.
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