On paper, Rene Benko's property empire is worth billions. His creditors are about to find out that those valuations are too optimistic. https://t.co/vIdwfTVSV0 via @business
Rene Benko's personal fortune has likely collapsed after his main holding company filed for insolvency, but like his real estate group, the situation is very opaque. https://t.co/qGTVlx3wr5 via @wealth
A consortium of Signa Development bondholders is assessing whether the company is in breach of debt rules over hundreds of millions of euros they’re owed by other parts of Rene Benko’s retail and property group https://t.co/oT6uMgzY5p
Saudi Arabia’s sovereign wealth fund hires law firm Latham & Watkins to advise on the lending it made to Rene Benko’s Signa group, as the Austrian tycoon grapples with a cash crunch https://t.co/0WYajVvmG2
Red Bull heir gets €582 million ($615 million) dividend after inheriting the energy-drink empire from his late father last year https://t.co/XPRPyxZZ5o
@AshSankholkar Wenn ich richtig gerechnet habe, ist die €1.51mrd Dividendezahlung wahrscheinlich noch das, was aus den Ergebnissen für 2021 ausgezahlt wurde. Dazu kennen wir die Details. :
📢THREAD: Today @business has launched Eastern Europe Edition, our weekly newsletter on what’s shaping economics and investments from the Baltic Sea to the Balkans. You can sing up here: https://t.co/6U5Op3YIYY
Hungary is ramping up battery production at the fastest pace on the planet on a per capita basis, but not everyone is happy about that.
https://t.co/im4jTwbCmp
A Hungarian entrepreneur critical of Viktor Orban is acquiring a minority stake in the publisher of @rzeczpospolita newspaper weeks ahead of a tightly contested national election https://t.co/Q851tDHvbh via @AlbertoNardelli
Österreichische Firmen sind prädestiniert, ein Stück vom Kuchen des Ukraine-Wiederaufbaus abzubekommen. Wäre da nicht die Nähe zu Russland. https://t.co/0NCKZ14XTp
We wrote about Austria’s geopolitical dilemma and how it’s affecting the prospects for business investments in a region long considered its key market. w/ @virtualnomad https://t.co/LninDlnTAe
Abu Dhabi and Austria’s OMV are exploring a combination of Borouge and Borealis to create a chemicals and plastics company worth more than $30 billion, sources say https://t.co/o1xjG1kD2G
“For the sake of market transparency, we strongly advocate for OPEC to allow journalists from relevant global news outlets to attend.” https://t.co/7SJi234edQ
Wien steht eher vor einer langsamen Korrektur seines stark überbewerteten Wohnungsmarktes als vor einem plötzlichen Einbruch der Preise, sagt die OeNB. https://t.co/scvFiv51KE via @BBGaufDeutsch@martoneder
A slump in Vienna home prices is unlikely, according to the Austrian National Bank. A more plausible scenario may be a bout of stagnation after a decade-long boom. https://t.co/M6FUEgISN1
An ex-Austrian bank chief wanted in the US over his alleged role in a giant Brazilian corruption scandal lost a bid to halt his extradition from the UK https://t.co/QPUgvfqpZW