This is what I dont understand...
Quote from Australian.
"Lenders received more than 90 per cent ownership of Centro Property Group securities in December, when they refinanced a $3.9 billion senior syndicated debt facility.
Although CER was part of that financing, no equity was issued to lenders under the refinancing arrangement. "
If CER has been diluted why is it half the value of CNP?
CER looks in much better shape to recover for shareholder value than CNP.
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- no dilution
no dilution
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