Austrian government does not want to agree to Signa's restructuring plans. Signa could possibly secure liquidity through an emergency loan.
Hamburg billionaire Klaus-Michael Kühne would be available for this, according to Reuters. Creditors have registered claims of around 10.8 billion euros against Signa Prime, although only just under 3.1 billion euros have been recognized so far. Around 2.3 billion euros in claims have been registered with Development, of which 1.3billion euros has been recognized.