Insolvency vowter Christof Stapf has announced new details about the downfall of the Austrian Signa Group.
According to a calculation of the auditor Deloitte Financial, who was consulted as an expert, the company loss of Signa Holding GmbH had been around 650 million euros last year before the end of November 2023, explained Stapf in his fifth report, which was presented on Friday the believer: inside. The expert also assumes that “the material occurring of bankruptcy will take place at the latest in November 2022” – i.e. one year before the application.
The handling of the Signa Societies will “extend to 2026”
Stapf emphasized that the “comprehensive processing of the financial building of the Signa Holding for the well-founded survey of further liability and contestation claims” was “continued to go”. The insolvency administrator is currently still busy using the Signa Holding assets. Finally, “essential steps” were taken when the participations of the group of companies were taken, according to a statement. For example, the shares in the Kronen Zeitung were recently sold.
At the instigation of the insolvency administrator, 25 companies have so far been liquidated from the complex company network of the Signa Group, according to the statement. In addition, bankruptcy proceedings for further 23 companies were initiated. The further processing will “extend to 2026,” said Stapf.
According to the notification, 449 claims of a total of 8.352 billion euros were registered compared to Signa Holding by September 25. The insolvency administrator “recognized 2.758 billion euros and contested 5.594 billion euros”.