The Signa Group, whose holdings in the sports retail sector include Karstadt Sports and numerous web stores, has reported a total capital increase of €1.2 billion. New equity of €700 million has been injected by existing shareholders. Furthermore, its largest subsidiary, Signa Prime Selection, which is the main real estate company of the group, is today reaching a capital increase of €500 million with what has already been subscribed. The total gross asset value of its real estate alone will exceed €20 billion by the end of this year. Signa has also total annual retail revenues of about €7.5 billion. The proceeds from the equity increases will be used for future acquisitions. In addition, Signa has access to cash reserves of more than €1 billion.

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