René Benko files for bankruptcy

As of: March 7, 2024, 1:42 p.m

By: Amy Walker

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The real estate mogul René Benko has filed for bankruptcy as a private individual.

This is reported by the Austrian media, citing court circles.

Vienna – After the bankruptcy of his company network, the private individual himself is now also insolvent: René Benko, former multi-billionaire and owner of the Signa companies, has filed for personal bankruptcy.

This is reported by Austrian media, including the

.

She learned this from court circles in Innsbruck, where the bankruptcy is said to have occurred.

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(Archive photo) © Marcel Kusch/dpa

This is the latest twist in a saga surrounding the entrepreneur that has been going on for months.

Since his company, Signa Holding, went bankrupt in November 2023, one bankruptcy after another has followed.

The Signa bankruptcy is the largest bankruptcy in Austria's history.

There are increasing indications that sooner or later René Benko will be held responsible for this.

In addition to Signa Holding, the two companies Signa Development and Signa Prime also had to file for bankruptcy.

Signa Prime's portfolio includes, among others, the Hamburg Elbtower project, the Berlin KaDeWe department store and a number of properties from the Galeria Karstadt Kaufhof department store chain.

All of these companies have now also had to file for bankruptcy, and this is the third bankruptcy for Galeria.