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CER - Centro Retail Group


She touched 37c today up 6%, looks like it might break the high of 39 sooner rather than later.
 
Doesn't cnp own a substantial stake in cer, like 50%?
 
Doesn't cnp own a substantial stake in cer, like 50%?
Technically CNP still own just over 50% of CER but CNP has overall negative equity and its lenders will be taking that over as part of a settlement arrangement. It is part of the restructuring arrangement that has been negotiated.
 
Trading halt pending an announcement of a possible transaction. CNP halted for the same reason, so it must be something significant.
 
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