Abu Dhabi’s Mubadala fund has won a €700 million ($825 million) in arbitration linked to the collapse of Austria's Signa property empire, a Reuters report quoted creditor protection group Creditreform as saying.
Mubadala is among multiple international investors and creditors seeking to recover losses from one of Europe's biggest real estate failures, Reuters said.
Signa, founded by real estate investor Rene Benko, once owned landmark buildings in Germany, Austria and Switzerland. It fell into insolvency in late 2023 after rising interest rates and borrowing costs pushed the group into financial distress.
