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Signa Creditors Vote for Receivership and Restructuring Plan

All Signa Properties and Assets Will be Sold in Next Two to Five Years

A Signa banner on a construction crane at the site of the Lamarr department store development in Vienna, Austria. (Bloomberg via Getty Images)
A Signa banner on a construction crane at the site of the Lamarr department store development in Vienna, Austria. (Bloomberg via Getty Images)

Signa creditors vote overwhelmingly for a receivership and restructuring plan for Signa Prime Selection and Signa Development Selection. All the properties and assets of both companies will be transferred to the receiver and sold in the next two to five years.

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