Attestor Backs Signa Prime Restructuring With €100 Million Loan

Turnaround specialist investor Attestor Ltd will provide a loan of as much as €100 million ($108 million) to Signa’s insolvent luxury property unit, a key step toward avoiding a firesale of assets as it winds down.

The financing will allow projects of Signa Prime Selection AG to be stabilized, ensuring a more orderly sales process, the unit’s administrator said in a statement Friday, without providing further details.

The cash injection is the first loan from outside investors since the conglomerate founded by Austrian tycoon Rene Benko started unraveling in 2023. It will help meet conditions of a restructuring plan approved ...