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Kühne becomes the second largest shareholder in Signa Prime

Kühne becomes the second largest shareholder in Signa Prime

Klaus Michael Kon

The billionaire increases his stake in Signa Prime.

(Photo: Carsten Dammann for Handelsblatt)

Düsseldorf Hamburg billionaire Klaus Michael Kohn is expanding his stake in real estate firm Signa Prime, which specializes in luxury properties such as KaDeWe in Berlin or Alsterhaus in Hamburg. “As a long-term strategic investor, we are pleased to be able to increase our stake to ten percent,” explained Karl Gernandt, President of Kühne Holding.

Kühne previously owned about 7.5 percent of the shares. He stressed that “the special quality and balanced diversity of properties is exactly what distinguishes this company as attractive in the long run.”

This means that Kuhn, owner of the Swiss shipping company Kühne + Nagel, the main shareholder of the shipping company Hapag-Lloyd and the main shareholder of Lufthansathe second largest shareholder in Signa Prime.

Austrian real estate investor and owner of the Karstadt and Kaufhof Galeria department stores, Rene Benko, continues to control the clear majority of shares. Signa Prime is the largest company in the vast Signa empire.

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