According to a press report, the Migros Genossenschaftsbund (MGB) is also on the list of creditors of the insolvent Austrian SIGNA Holding.
A total of ten companies and companies from Switzerland appeared on the extensive list, writes the SonntagsZeitung (SoZ) in its most recent issue.
273 parties have registered claims against the parent company of investor René Benko, writes the SoZ, citing the list available to it. It’s a lot of money: SIGNA’s books have debts of 5.2 billion euros.
In 2020, Migros sold the Globus department store group to a consortium made up of SIGNA and the Thai Central Group. The SoZ now writes that it is obvious that the claim is a loan that Migros granted to SIGNA as part of the Globus takeover. This is said to have amounted to 200 million francs. A Migros spokesman declined to comment to the newspaper.
The company H. Kracht’s Erben AG, which operates the luxury hotel Baur au Lac in Zurich, as well as various lawyers, have also filed claims against SIGNA. The list also includes Bank Julius Baer as an “already known” creditor from Switzerland. At the end of November, the private bank confirmed a commitment of 606 million francs to various units of a “European conglomerate”, without, however, mentioning the name of the borrower.
The large loans from Julius Baer to SIGNA did not go through the risk department. writes the SoZ, citing insiders. Because it is a cluster risk, the financial market regulator Finma has also been informed. Finma is now conducting an investigation in which the organization of lending at Bär could be criticized, according to the newspaper.
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ZURICH (dpa-AFX)
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