Business Services Industry
Retail investors shy away from Centro.
Australasian Business Intelligence, April, 2007
Byline: Mathew Dunckley
Apr 25, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Centro Retail Trust has successfully raised $A632 million to fund its purchase of the New Plan Excel Realty Trust. However, a public offer and the retail portion of the group's entitlement offer did not fare as well as the institutional portion. The public offer and retail portion of the entitlement offer had a shortfall of approximately 87 per cent. As a result, Centro's parent company, Centro Properties Group, has been forced to take on unsold stock. Centro CEO, Andrew Scott, says Centro Properties will not consider divesting the stock to external parties.
Publication Date: 26 April 2007
CENTRO PROPERTIES GROUP - ASX CNP
CENTRO RETAIL GROUP -...
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