• Mon. Apr 15th, 2024

Signa Restructuring: New Supervisory Board Members, Expansion and Insolvency Proceedings at Signa Prime and Signa Development

BySamantha Jones

Apr 4, 2024
Candidates for the new Signa supervisory boards: Meet the contenders

The planned trust restructuring and reappointment of supervisory bodies at Signa Prime and Signa Development are set to take place, with Extraordinary general meetings scheduled in both companies to address these important matters.

Alfred Gusenbauer has recommended the expansion of the supervisory board and the election of new members. Proposed candidates include Wolfgang Hesoun, real estate experts Christoph Schäffer and Michael Mitterdorfer, as well as entrepreneurs Karin Exner-Wöhrer and Claudia Badstammer.

The reorganization of the two supervisory bodies is eagerly awaited, with Christoph Stadlhuber being replaced as the supervisory board chairman with immediate effect for both Signa Prime and Signa Development. Six new supervisors are expected to join the Signa Prime board, including Sebastian Schäfer. Signa Holding is the largest individual shareholder in Signa Prime.

There is keen interest in purchasing the shell of the planned Signa luxury department store Lamarr on Vienna’s Mariahilfer Straße, with 30 bidders reportedly interested. In the insolvency proceedings, claims worth 340 million euros were filed, but only 174 million euros have been recognized so far.

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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