CRF centro retail australia
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centro's $1.6bn asset sell-off to wind down de

  1. hotlegs8693
    432 Posts.
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    23/02/12
    01:33
    Post #: 9736341
    Results must be due soon this should drop gearing right down.

    Cheers
    Hotlegs

    Centro's $1.6bn asset sell-off to wind down debt

    by: Sarah Danckert
    From:The Australian
    February 23, 201212:00AM

    CENTRO Retail Australia's $2.8 billion-strong syndicate business is set to shave $1.6bn off its combined value through asset sales as funds seek to wind up or restructure because of enormous debt levels.

    About $1.1bn in further sales are slated for this year, with four centres already in exclusive due diligence with separate buyers.
    CRF Price at posting: $1.85 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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