VIENNA, Jan 15 (Reuters) - A unit of Austrian property group Signa that holds much of the group's most valuable assets, Signa Prime Selection, is able to fund its operations while insolvency proceedings continue, its administrator said on Monday.
"The ongoing funding of Signa Prime Selection's operations is secured, according to the financial plan presented," law firm Abel said in a statement during Signa Prime's first creditors' meeting, a step in the insolvency proceedings. It added that the company's property portfolio could be used to generate funds. (Reporting by Alexandra Schwarz-Goerlich and Francois Murphy, Editing by Louise Heavens)
