Centro CEO to offer outlook on refinancing plan

01/24/2008 | Age (Melbourne, Australia), The

Centro Property Group's new chief executive today plans to update the market on plans to rescue the ailing firm's finances. Centro must refinance nearly $4 billion of debt by mid-February. Brokers said several international hedge funds are poring over Centro's books looking for commercial properties likely to be sold. Deutsche Bank said in a recent note to clients that Centro may need to dispose of more than $2 billion in assets.

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Age (Melbourne, Australia), The

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