Rene Benko's Signa Holding Faces Financial Challenges, Shareholder Urges More Funds for Chrysler Building in New York

Rene Benko's property empire, Signa Holding, is facing financial challenges. A key shareholder is urging investors to inject more funds. Signa Development Selection plans to sell assets to raise cash and reclaim €600 million lent to affiliated companies. The empire, valued at €23 billion, co-owns the Chrysler Building in New York. Speculation about Signa's financial health has been circulating, prompting the appointment of a chief restructuring officer.