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Signa Holding, the largest individual shareholder in Signa Prime and Signa Development, has announced plans to restructure its trust. The restructuring will involve expanding the supervisory boards of both companies and electing new members. This is eagerly awaited by Alfred Gusenbauer, who has recommended the expansion of the supervisory board and suggested candidates for election, including Wolfgang Hesoun, real estate experts Christoph Schäffer and Michael Mitterdorfer, as well as entrepreneurs Karin Exner-Wöhrer and Claudia Badstammer.

The news that Christoph Stadlhuber will be replaced as chairman of both Signa Prime and Signa Development with immediate effect has also sparked interest. Six new supervisors are expected to join the Signa Prime board, including Sebastian Schäfer. The insolvency proceedings for Lamarr, a planned luxury department store on Vienna’s Mariahilfer Straße, have been ongoing with 30 bidders reportedly interested in purchasing the shell. In these proceedings, claims worth 340 million euros were filed but only 174 million euros have been recognized so far.

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