Credit protection expert

Signa creditors accept restructuring plan

A total of over 15 billion euros in claims have been registered(Bild: APA/AFP/Joe Klamar)

The creditors of the insolvent Signa Prime and Signa Development have accepted the presented restructuring plan. They will be paid a 30 percent quota within two years. The assets will be liquidated via a trustee solution. Is this the best solution? The "Krone" asks the credit protection agency.

Quite surprisingly, the creditors voted in favor of the proposed restructuring plan at the hearing at the Commercial Court on Monday. Wolfgang Peschorn, President of the Financial Procurator's Office and therefore the highest representative of the interests of the Republic, had previously spoken out against the trustee solution. He justified this by stating that the necessary liquidity for a slow sale was "currently not in sight".