Signa Group raises 1.2 billion euro in equity

The Austrian retail and real estate group Signa Holding GmbH executed a capital increase of 700 million euros (around 775 million US dollars or 622 million British pounds) by its existing shareholders last week. Moreover, its largest subsidiary Signa Prime Selection AG, as the flagship real estate company of the Signa Group, will execute a 500 million euros (around 554 million US dollars or 444 million British pounds) capital increase tomorrow, September 17th, 2019, which is already fully subscribed. This will raise the group’s equity to 1.2 billion euros in total.