A private foundation co-founded by former real estate tycoon Rene Benko has collapsed into insolvency after a court ruled it owed sovereign wealth fund Mubadala Investment Co. about 1 billion ($1.2 b… [+349 chars]
Source: Bloomberg
Business
Mubadala’s €1 Billion Award Pushes Trust Linked to Signa’s Benko Into Insolvency
A private foundation co-founded by former real estate tycoon Rene Benko has collapsed into insolvency after a court ruled it owed sovereign wealth fund Mubadala Investment Co. about €1 billion ($1.2 billion) on soured investments.
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