René Benko has left his mark on his creditors – apparently including a Swiss bank. Getty Images/filo | picture alliance / EXPA / APA /
The Swiss bank CIC has to write off 37.5 million francs due to bad loans.
According to “Inside Paradeplatz” these are two loans for René Benko’s Signa empire.
The loans were apparently granted at the beginning of 2023, when problems in the Benko empire were already becoming apparent.
The Swiss bank CIC, based in Basel, doesn’t have too good news. Due to bad loans, it had to write off around 37.5 million Swiss francs (the equivalent of around 38 million euros) for 2023.
Now it becomes clear how the sum comes about. As the medium “Inside Paradeplatz” reports, these are said to be two loans for René Benko’s Signa empire.
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Agree and show external content Watch a video here of how the rise and fall of René Benko came about.
René Benko was one of the most colorful billionaires
René Benko was one of Europe’s most dazzling billionaires until 2023. The Austrian worked his way up from a humble background and built what is now one of the largest real estate empires in the world: Signa Holding. It included luxury properties in top locations, such as Hamburg’s Elbtower, or retail companies such as Galeria Karstadt Kaufhof. Last year the company went spectacularly bankrupt.
The CIC is now apparently also feeling this bankruptcy. Loud “Inside Paradeplatz“Two loan tranches have been granted to Benkos Signa, each in the double-digit million range.
Loans worth millions for René Benko
Spicy: On both occasions there is said to have been no deposit for the mortgage.
The timing at which the bank is said to have given Benko loans is also interesting. According to the Swiss medium, that was at the beginning of 2023. At this point, the first problems in the Benko empire had already become apparent.
Shortly before, one of the largest Signa investors, the multi-billionaire and currently the richest German according to estimates, Klaus-Michael Kühne, had left Benko. He is said to have followed through with the rejection coldly by email.
When asked by “Inside Paradeplatz”, a CIC spokeswoman said that they never comment on specific positions or possible customer relationships.
Have you also heard something about René Benko or the Signa Group? Then contact our reporter Luca Schallenberger confidentially ([email protected], Threema: 3MRRX6T9).
LS
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René Benko: Did the Swiss bank write off millions because of the Signa bankruptcy?
Playmobil in crisis: sales slump at popular toy manufacturer
– 2024-05-02 02:15:14
The Playmobil parent is suffering from falling revenues and is cutting jobs. Now it is announcing for the first time how sharply sales have collapsed.
The Playmobil manufacturer Horst Brandstätter Group has announced for the first time how much its sales have fallen in the past two years. “In the 2023/2024 financial year, sales amounted to around 490 million euros,” the company said.
In 2022/2023 it was 571 million euros, a year before that it was 736 million. Overall, there is a decline of around a third within two years. The company did not provide any information on profits or losses.
Playmobil mother is optimistic
The company had already reorganized its leadership last year and announced in the fall that it planned to cut around 700 jobs by 2025. It was now said that a large part of the job cuts had already taken place. Times are tough for companies, the Horst Brandstätter Group is suffering “like most companies from the weak economy, stubborn inflation, rising wage, transport and energy costs, but also from the slump in consumption and reluctance to buy.”
The Playmobil parent is more optimistic for the new financial year, which has been running since April 1st: “After two difficult years, Playmobil has a positive forecast for the coming months,” explained the company. “The stringent cost management in the production plants has also led to significant savings and a reduction in inventory levels without jeopardizing delivery capability.”
Playmobil in crisis: sales slump at popular toy manufacturer – 2024-05-02 02:15:14
Minister Rómulo Mucho began his participation in the PDAC 2024 mining convention in Canada
At the start of its activities, this Sunday, March 3, at the PDAC 2024 where the Peru Stand was installed, so that visitors can obtain valuable information on the development of mining activity in Peru.
The Minister of Energy and Mines, Rómulo Mucho Mamani, along with other senior Government officials, began their participation in the annual mining exploration convention PDAC 2024, which takes place in Toronto (Canada) until March 6, where the enormous geological potential and the competitive advantages that make our country one of the best destinations for investment in mining.
“We are very happy to be part of this important mining event that allows us to showcase the geological benefits and mining potential of our country,” he said.
Mucho Mamani said he felt optimistic after meeting with world-class investors and representatives of various junior companies, who requested an audience to show the progress of their explorations and international mining organizations.
On the first day of activities, he met with Guy Goulet and Steven Zadka, CEO and Executive Chairman respectively of Cerro de Pasco Resources INC, who showed their interest in the reuse of mine tailings in the Pasco region. The Canadian company is committed to investing in Peru, which will mark a milestone in the treatment of mining tailings in our country.
He also spoke with officials from the Ministry of Economy, Trade and Industry (METI) of the Government of Japan, who affirmed the interest of Japanese companies in investing in the exploitation of critical metals through modern engineering with added value. A private public meeting was announced next May to inform and encourage greater Japanese investment.
Likewise, he held meetings with executives from Xcalibur Smart Mapping, a Spanish giant in geophysics and aerial mapping for exploration, where he explained the benefits of having an aeromagnetic map, a useful tool for entering areas restricted by environmental issues. At another time he spoke with Álvaro Barrenechea, Communications Manager of Minera Chinalco, who suggested updating the tailings legal framework for better use.
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– 2024-05-02 02:45:57
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Minister Rómulo Mucho began his participation in the PDAC 2024 mining convention in Canada