New Meinl Bank to Pay 36 Million Euro to Damaged European Land Investors

Published: August 27, 2019; 16:09 · (Vindobona)

The legal successor to Meinl-Bank, AAB Anglo Austrian Bank AG, will pay around EUR 36 million to settle the claims of the remaining investor proceedings of approx. 4,000 investors of the former MEL Meinl European Land. Simultaneously, AAB starts a repositioning in which the credit business and the payment transactions are to be reduced, while the advisory business and investment banking are to be focused on.

This article includes a total of 400 words.

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