Meinl Bank compensates MEL-investors

Companies ♦ Published: August 20, 2010; 21:20 ♦ (Vindobona)

The next 600 small investors may get back a third of their losses with MEL-papers. Overall Meinl Bank wants to pay out 3.2m ($4) and then retrieve the money from financial institutions.

Meinl Bank compensates MEL-investors / Picture: ©

Meinl Bank wants to deal with a further 600 small investors who lost money through the former Meinl European Land (MEL, today Atrium).

This time the offer deals with clients of the lawyer Günter Niebauer, the Bank said on Friday. Anyone who accepts the offer, will be compensated for a third of the price loss, however must give up all his claims.

A total of…