CNP 0.00% 4.0¢ cnpr group

centro flags sale of service business, page-24

  1. 1,253 Posts.
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    I have difficulty in seeing how Centro can spin off
    their services business unless, of course, they can
    get enough for it that they can keep the banks off
    their backs for the forseeable future.

    As Dreamcatcher1 one suggests

    "The new entity would expect Centro to commit to long-term
    management contracts over its shopping centre assets
    otherwise the business would be worth nothing."

    I guess the big question is "Could they get enough
    for the services business and, if so, what proportion
    could they keep?" and still keep the banks happy.

 
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