The trustee applied for a closure of the entire business on February 28th.
Meinl Bank company sign.
The former Meinl Bank and later Anglo Austrian Bank will now be completely closed. As the “Standard” (Wednesday edition) reports, the debtor representatives have not commented on the liquidator's application for closure at the bankruptcy court until Monday, so that the approval is deemed to have been granted.
The creditors' committee approved the project. Meinl Bank was founded in 1923 by the Meinl family.
The trustee applied for a closure of the entire business on February 28th. The bankruptcy judge decides when and how the company is closed.
Part of the operation had already been shut down by the court in November. The bankruptcy of the former private bank, which Julius Meinl V. was responsible for, was opened eleven months ago at the Vienna Commercial Court.
The closure of the company only has an indirect effect on the insolvency proceedings because expenses such as rents or the last remaining employees are eliminated. A total of around 382 creditors with claims of more than 500 million euros are affected. The deposit insurance has transferred around 60 million euros to savers.
