CPI / Gazit Holdings Limited ("CPI/G") announces that its proposed investment in and restructuring of MEL (the "Transaction") was approved at Wednesday's Extraordinary General Meeting of Meinl European Land Limited ("MEL" or the "Company"). MEL certificate holders passed all resolutions relating to the Transaction, which was originally recommended by the MEL board on 20 March 2008.
Summary terms of the Transaction involve:
- Changing the name of the Company to Atrium European Real Estate Limited
- CPI/G providing up to