Signa founder paid two-thirds of 3 million euro guarantee -insolvency admin

BERLIN (Reuters) – Signa founder Rene Benko has paid out two-thirds of a 3 million euro ($3.28 million) guarantee he personally promised at the beginning of insolvency proceedings, Signa Holding’s insolvency administrator said in a statement on Wednesday.

($1 = 0.9139 euros)

(Writing by Miranda Murray; editing by Matthias Williams)