afr article today centros white knights, page-2

in a nut shell because you cant actually copy the articles:
By easter weekend, half a dozen bids from would be white knights will be on centros desks. but the reporter is only stipulating this as what ppl might hope for anyway.

Potential bidders are: Blackstone, Citadel and MQG.

Also centro is waiting to have its assets cawf sold. It is understood major partners colonial, amp, qic and mirvac are not interested.

Centro and its advisers, lazard carnengie are not commenting on the success of either part of the process beyond the statement to the asx that it is on track.

It is understood centro's board will consider the expressions of interest in an equity injection with any bids for its wholesale vehicles before deciding on preferred way forward. Centros lenders need to agree to any proposed solution.

The banks may be amenable to an extension because the likely alternative, a break-up and sale, would strip any value from centro's funds management business, diminishing eventual returns. (meaning banks will be reluctant to let it go into receivership as they want their dosh back)

Centro is also marketing its 45.1 percent in the 1.2b$ centro american fund, which owns 32 billion properties.

That was meant to be a summary but after a while i cbb summarizing so just typed out the later bits.

cfoo