For much of his reign as one of Europe’s biggest property kings, René Benko – the Austrian billionaire known to some as the “Austrogarch” – was cloaked with a “sense of invulnerability”, says the Financial Times. That veil has now been whisked away. After a fraught year of unravelling, the financial crisis engulfing his €23bn (£20bn) Signa Group reached a climax last week
Property mogul runs out of road
Nov 10, 2023
2 minutes
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