INVESTORS are continuing their flight from the Centro Properties Group, with one of its last supporters, UBS, revealing yesterday it has sold shares in the troubled shopping centre owner.
The bank has reduced its stake in Centro to 5.26 per cent, from 8.63 per cent at Christmas.
Most of the shares were offloaded by its asset management unit, signalling it may have lost confidence in the company's recovery prospects.
fin review no fire sale bidding war, page-11
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