centro seeks restructuring options from banker

http://www.bloomberg.com/apps/news?pid=20601081&sid=aCh1qpNwfRe0

Nov. 5 (Bloomberg) -- Centro Properties Group approached six investment banks, including UBS AG, JPMorgan Chase & Co. and Goldman Sachs JBWere, about restructuring options for it and Centro Retail Group, the Australian Financial Review reported, without saying where it got the information.

UBS was the frontrunner for the job, the Review said, citing an unnamed industry source. One option being considered is a public listing of some of Centro’s assets free from the current ownership structure, the Review reported.

To contact the reporter on this story: Tim Smith in Sydney at [email protected]