CNP 0.00% 4.0¢ cnpr group

UK Financial Times article. More respectable sources than the FT...

  1. 228 Posts.
    UK Financial Times article. More respectable sources than the FT you will not find.

    Please pay attention to the last paragraph, as it echoes what I've been saying in previous posts.

    http://www.ft.com/cms/s/0/6712fdc4-b8dc-11dc-893b-0000779fd2ac.html

    Centro declined to elaborate but the interest is understood to have come from private equity and real estate funds and specialist mortgage finance investors.

    Other parties that are expected to seek access to Centro’s books include Australian property groups Westfield and Stockland as well Canada’s Brookfield Asset Management, which last year acquired Australian-listed group Multiplex.

    The best case scenario for Centro would be for it to secure a new strategic investor to inject equity into the business, said a person close to the company. However, that would likely dilute the holdings of existing shareholders who might also be asked to stump up fresh capital alongside the sale of some assets.
 
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