4 mln bid at 35cps, page-6

I'll give you an answer. Of course it doesn't.

It is an investor just like you or me. It does have a decent share of the voting rights (not control though), but that in no way gives it a claim over any of CER's assets.

CNP's other connection to CER is that it is CER Responsible Entity. That means that it provides the management of the CER's assets for a fee. In it's role as Responsible Entity CNP must act in the best interest of unitholders and in know way gives it any rights to any of CER's assets.

If CNP were to fall over, another fund manager would just take over as responsible entity. For those worried about what effect the change of reposible entity might have, there is little effect on the day to day running of the shopping centres as the operations are all outsourced to the likes of CBRE's, Jones Lang's and Knight Frank's of the world.