Meinl European Land (MEL) has hired investment bank Merrill Lynch to come up with comprehensive measures to revamp the company's corporate structure, strategy and capital markets standards. The Jersey-registered property company said it will pay particular attention to corporate facts, tax legislation and existing contractual obligations, and added that the main aim of its structural review 'is to promote MEL's long-term development as leading property company in Central and Eastern Europe.' The review will take a few months, the company added.
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