Signa Group's Liability Negotiations Begin

Insolvency administrators of the Austrian real estate company Signa have initiated out-of-court negotiations over liability claims. The first negotiation round is scheduled for October.

Insolvency administrators for the beleaguered Austrian real estate group Signa have taken steps to address liability claims through out-of-court negotiations, as announced by the company on Tuesday.

These negotiations signal a proactive approach to resolving outstanding issues following the company's financial collapse.

The initial session of these discussions is slated to occur in October, marking a critical moment for the company's future operations and financial recovery.

(With inputs from agencies.)