new announcement out, page-3

from page 1 of the announcement it appears that most of the portfolio is targeted for immediate sale-1.8 billion worth of assets as at Dec 07 valuation. That only leaves 300 million worth if they sell the targeted ones. So it's a 3 year asset realisation programme with most of the sales targeted immediately. Wonder what the rationale behind this is?
Hope the asset valuations don't decrease while the wind up is carried out.

Total asset value of 2.1 billion would need to drop by about 15% for assets to be worth less than debt.