Atrium Shareholders Gazit, Citi Sued by Meinl, Standard Says

Meinl Bank AG is suing Gazit-Globe Ltd and a unit of Citigroup Inc, both shareholders in real estate developer Atrium European Real Estate Ltd, for 1.2 billion euros ($1.6 billion) in damages, Austrian newspaper Der Standard reported today.

This is a countersuit against Atrium’s 2 billion-euro claim against Meinl, filed earlier this year, the Vienna-based newspaper said, citing unidentified people close to Meinl.

Atrium spokesman Richard Sunderland had no immediate comment when called by Bloomberg News. Meinl Bank spokesman Thomas Huemer referred to a 10 a.m. news conference Meinl has scheduled for tomorrow in Vienna.

Click here for web link

Before it's here, it's on the Bloomberg Terminal. LEARN MORE