British investment fund Attestor Ltd. has granted Signa‘s Prime unit a loan of up to 100 million euros ($108 million) to boost the liquidity of the insolvent Austrian property company, restructuring administrator Norbert Abel said on Friday.
“This allows the company’s liquidity to be stabilised considerably with the aim of salvaging the assets in a structured manner,” Abel said in a statement, noting the parties involved were keeping details of the loan confidential.
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