Atrium Intends to Clarify Purported Event of Default

Professional Services › Real Estate ♦ Published: January 22, 2011; 00:12 ♦ (Vindobona)

After the statement of the Austrian Meinl Bank to sue the real estate fund Atrium because of a “default of payment”, Atrium announces its point of view.

Atrium Intends to Clarify Purported Event of Default / Picture: © Atrium European Real Estate

Atrium European Real Estate Limited notes the media comment containing statements by Meinl Bank regarding a purported event of default notice received by the Company in relation to the 10.75% convertible bond, which was issued to Meinl in August 2008.

“This is yet another attempt by Meinl to deflect from the real issues which are those that led to the arrest of Julius Meinl in…

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