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A few days ago it was revealed that René Benko had to leave the Signa Group due to pressure from investors. This includes the Globus Group.
Benko agreed to have himself removed from power. It is now clear what will happen next: Benko is handing over the chairmanship of Signa Holding’s advisory board to German restructuring expert Arndt Geiwitz. Signa announced this on Wednesday.
It is unclear whether Benko will transfer his voting rights to Geiwitz, as previously rumored. In the statement, it was stated that the Benko Family Private Foundation will continue to be the largest shareholder of the holding. APA was unable to reach Signa by phone at short notice.
Various divisions of the group of companies founded by Benko had recently encountered difficulties. Accumulated losses, especially in the real estate business, due to high devaluations. (SDA/rae)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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