clarenceriver I couldnt agree with you more. I think that such a sale would be the end of centro.
If management wanted to sell the services business would they be required to vote this through the shareholders?
If so we do have the problem that comm bank is a major shareholder and (correct me if I am wrong) also one of the creditors.
Are any of the other major shareholders creditors?
Etrade list the major shareholders as
Citicorp Nominees Pty Limited (CFS Wsale Property SECS A/C) J P Morgan Nominees Australia Limited National Nominees Limited HSBC Custody Nominees (Australia) Limited Macquarie Group Limited Commonwealth Bank Group Citicorp Nominees Pty Limited
My hope is that any discussion of selling this aspect of the business would only occur in an attempt to "lure" in interested parties for a complete sale/takeover.
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
