Centro Ponders a Great Divide
August 4, 2010
• Australian shopping-center owner Centro Properties Group now aims to set a restructuring course that could culminate in a split of the company’s Australian and U.S. holdings.
• With Centro now having pushed off its most pressing maturity of $2.3 billion of debt to December 2011, Chief Executive Robert Tsenin wants to finally resolve Centro’s debt issues within that time frame.
• A U.S.-Australia split “is certainly an option.”
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