TweetyPie,
Interestingly Ord Minnett review refers to the sale of CMCS 38,39,40 with a book value of $2.5b in the open market. Ord's have allowed for the sale to generate $2.1b for CNP. So these syndicates are a major asset that can reduce the gearing. Personally happy to see CAWF & CAF sold but retain management rights, which would be a great result. CNP could then review then step going forward.
Regards
Buffett
fee cut offer put to centro owners..., page-7
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