Austrian real estate, media and retail investor and founder of Signa Holding Rene Benko is seen prior to the Formula One Austrian Grand Prix at the Red Bull race track in Spielberg, Austria on July 2, 2023.
Georg Hochmuth | Afp | Getty Images
Rene Benko, the fallen property tycoon whose Signa empire toppled in a series of high-profile insolvencies, has filed for insolvency himself at an Austrian court, a court spokesperson told Reuters on Thursday.
Benko lodged his application for sole trader insolvency with a regional court in Innsbruck, the spokesperson said, confirming a report in Austria’s APA news agency.
This would allow Benko to apply for reorganisation proceedings, unlike filing for personal bankruptcy.
The Austrian entrepreneur —…
