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Meinl Bank Continues to Claim Default of Atrium

Published: January 28, 2011; 08:37 · (Vindobona)

Meinl Bank: „Atrium zahlt Meinl Bank states: "Contrary to their own announcement Atrium is not paying back the 10.75% convertible bond". Cross default risk remains upright

Meinl Bank Continues to Claim Default of Atrium / Picture: © Meinl Bank

IA press release by Meinl Bank states "Despite the public announcement made by Atrium on January 24 this year that they will repay the 10.75% convertible bond, no payments have been effected yet. This would, according to Peter Weinzierl, Member of the Management Board of Meinl Bank, follow the long-standing tradition of obvious misinformation by the current Atrium management.

The…

This article includes a total of 255 words.

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