Property giant Signa dissolves three top oversight bodies ...Middle East

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Property giant Signa dissolves three top oversight bodies
source : Devdiscourse ( Middle East ) () 69
Troubled European property company Signa has dissolved three top oversight bodies, including the group executive board that oversees strategy, the company said on Thursday. It was the latest twist in the saga around Signa, the biggest casualty so far of Europe's property crisis. It came on the same day as news that arbitrators rejected the demand of an investor, Abu Dhabi sovereign wealth fund Mubadala, for 713 million euros ($783 million) in compensation.

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