Turnaround Investor Attestor Provides €100 Million Loan to Signa's Insolvent Luxury Property Unit
By
Fabrizio Rossi
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Turnaround specialist investor Attestor Ltd has committed to providing a loan of up to €100 million ($108 million) to Signa’s insolvent luxury property unit, Signa Prime Selection AG, in a bid to avoid a firesale of assets as the unit winds down. This financing is crucial in stabilizing the projects of Signa Prime Selection AG, thereby ensuring a more orderly sales process. The unit’s administrator confirmed the funding, underscoring the significance of this move in preventing financial turmoil and maintaining stability within the company.