Centro Properties has been placed in a trading halt as it hopes to to fend-off the administrators and strike a deal with its bankers to extend its $4 billion debt deadline.
Centro boss Glenn Rufrano has been in overnight discussions with bankers. Those talks are expected to continue today in a bid to avoid a fire-sale of the shopping centre group.
Much of the company's survival hinges on its primary lenders, ANZ, the Commonwealth, NAB and JP Morgan.
Ends.
Cheers, Pie :-)
CNP Price at posting:
0.0¢ Sentiment: None Disclosure: Held
