Signa Prime Near Deal With Schoeller Group on Austria Asset Sale

(Bloomberg) — Signa’s flagship property unit is close to an agreement to sell a portfolio of luxury Austrian assets to Germany’s Schoeller Group, according to people familiar with the matter.

A deal may help Signa Prime Selection AG resolve a deadlock in its broader restructuring related to a previous loan deal with Schoeller. It would also be the first major transaction with property held by Rene Benko’s troubled empire since its insolvency at the end of last year.

The family investment office of the packaging and logistics dynasty…