"its financiers to extend its debt repayments for at least a year"
it seems as if jornalists don't give a toss about how they write stuff.
"Didn't bankers say only a few days ago that cnp wont get extension???"
it was probably journalists
"However, bankers said that the rescue package offered to Babcock & Brown last week was likely to be replicated for Centro. That means while the banks effectively own the group"
i said this quite a while ago and it looks like it might happen i.e. it wouldn't surprise me if there was more to this journalistic down ramping, and relentless shorting than meets the eye. centro have quality assets and they dont have an operational problem thanks to usuary, the rug has being pulled.
how much say will shareholders have in this?
CNP Price at posting:
6.0¢ Sentiment: None Disclosure: Held
