The company needs to raise at least $1.4 billion in cash to stay afloat, which could be achieved by selling its 25 per cent stake in Centro Retail and its interests in two unlisted US and Australian shopping centre funds, according to analysts at Merrill Lynch.
If that is true, then CNP is safer than CER. So to whom it was that said CER was safer than CNP, this prove it once and for all, CNP is safer as it is the Mother company.
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CNP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held