Real Estate Fressnapf founder Toeller takes Benko's private foundation to court

According to a media report, Fressnapf founder and Signa investor Torsten Toeller wants part of his investment in René Benko's insolvent Signa Group back. He has filed a lawsuit against the Laura Private Foundation, which Benko founded with his mother.

The German news magazine "Spiegel" reported on the lawsuit. René Benko's lawyer did not comment in response to a written request from the APA news agency.

Toeller's investment company Fressnapf Luxembourg had used the option promised by Benko to return its 4.5 percent stake in Signa Holding. However, the investment company never received the money for this, reported "Der Spiegel". The corresponding lawsuit has been pending at the Vienna Commercial Court since the beginning of August.

Information suggests that Benko could be living off gifts of money from his mother Ingeborg. His mother, a retired kindergarten teacher, is the beneficiary of two private foundations. She is said to have drawn up a new gift agreement with her son months ago.

According to "Spiegel", a lawyer for the Laura private foundation left the lawsuit uncommented and did not comment on the gift agreement.

SDA