centro not anticipating asset sales...

Source: www.reuters.com

Australia's Centro: not anticipating asset sales

MELBOURNE, Jan 24 (Reuters) - The new chief executive officer of troubled shopping mall owner Centro Properties Group (CNP.AX: Quote, Profile, Research), said on Thursday he was not anticipating any asset sales now.

Chief Executive Glenn Rufrano told reporters said the company was currently pursuing injecting equity into the company. But he said he was not in a position give any figures at this stage.

A high-profile Australian casualty of the global credit crunch, Centro, the owner of 700 U.S. malls, and its affiliates are struggling to refinance some A$3.9 billion ($3.5 billion) of debt by Feb. 15. ($1=A$1.14) (Reporting by Denny Thomas and Victoria Thieberger).


Ends.

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