Innsbruck Hercules Holding: Insolvency shock with billions of billions!

Innsbruck Hercules Holding: Insolvency shock with billions of billions!

The Hercules Holding GmbH, based in Innsbruck, is insolvent and has to deal with massive liabilities of around 404 million euros, reports the Alpine Virgin Valley Association (AKV). The financial difficulties of the holding are closely linked to the problems of the Signa Group, whose subsidiaries are currently going a similar way to bankruptcy. The activated and passive side of the Hercules Holding shows an alarming picture: assets in the amount of only 44 million euros face high liabilities. An application for liquidation has already been made after the first claims were loud, as part of the insolvency proceedings of the Signa Group, and the planned restructuring process was unsuccessful, such as reports.

René Benko, the founder of the Signa Group, is associated with the economic decline of the company and is currently in custody on suspicion of bankruptcy. The Hercules Holding, which gave significant minority stake in various companies in the now largely insolvent Signa Group, also had to file for bankruptcy. According to t-online.de have the financial crash for Benko, not only the holding company but also the Hercules Finance Holding GmbH are affected, with estimated liabilities of almost one billion euros.

The risky business and their consequences

Benko has built up a complex company network that was particularly in the real estate industry. In addition to problems with his companies, personal setbacks for him are also increasing. It is reported that his magnificent villa in Innsbruck has already been cleared and should be converted into a luxury hotel. In addition, according to media reports, his wife, Nathalie Benko, separates from him, which adds personal turbulence. The economic and private situation of the entrepreneur has deteriorated dramatically in no time and raises questions about the future of the formerly flourishing company empire.