"US PRIVATE equity giant Kohlberg Kravis Roberts is understood to have increased its stake in a post-merger Centro via a debt deal with at least one of Centro's senior lenders."
Interesting. Asked around -- apparently its known look through shareholder notice. The 52-plus per cent holding is the holding of the senior lenders in CNP once their debt is converted to equity, a reconfiguration of that line up triggers a notice on CER; not CNP. Why? God knows...though, and I'm really guessing here, could have something to do with CNP preparing their accounts on a liquidation basis.
Can anyone else shed any light on it?
[I have no position but friends of my folks do]
CER Price at posting:
27.5¢ Sentiment: None Disclosure: Not Held
