volume in cnp indicates the deal is done?, page-8

KKR has 100% of the voting rights apparently.

SYDNEY (Dow Jones)--Entities associated with U.S. buyout firm Kohlberg Kravis Roberts have become substantial holders of the stapled securities of Australian property trust Centro Retail Group (CER.AU), according to a filing with the Australian Stock Exchange Tuesday.

The entities, KKR Financial Holdings Ltd., KKR-Milton Capital Partners LP and KKR-Keats Capital Partners LP as well as associates, have secured 100% voting power of the company's stapled securities, according to the filing.

In early November, Centro Retail Group requested a trading halt in its stapled securities pending an announcement regarding a refinancing. This comes after Centro Retail Group closed the sale of its US$4.3 billion U.S. asset portfolio to an affiliate of Blackstone Real Estate Partners VI LP earlier this year, saying it would use most of the net proceeds to retire debt.

The sale to Blackstone brought in net proceeds of around US$514 million, which the group said it would use mostly to retire much of Centro's maturing Australian debt, he said.

A spokeswoman for Centro Retail Group could not be immediately reached for comment, while a KKR spokesman declined to comment on the matter. Centro Retail Group, which has a regional retail property portfolio, has a market capitalization of A$628.8 million. The stapled securities last traded at 27.5 cents apiece.