Source: The Australian Financial Review - Friday 4 April 2008
Centro's roller-coaster ride
Matthew Dunckley and Paddy Manning
But another source said there was "no chance" that Centro's funds management business could be carved out of the headstock. A better outcome would be for existing Centro management to staple itself to the separately-listed Centro Retail Trust,(CER) which would be the only vehicle left in the market.
Centro Properties Group would be cast adrift, including any potential litigation liabilities, and its lenders would "take a haircut", under the scenario.
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