|
|
Article: Local bidders grow cooler on Centro.
- Article from:
- Australasian Business Intelligence
- Article date:
- March 16, 2008
CopyrightCOPYRIGHT 2008 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Mathew Dunckley and Paddy Manning
Mar 16, 2008 (The Australian Financial Review - ABIX via COMTEX) -- Macquarie Group, Mirvac and Lend Lease are among the Australian parties that are rumoured to be interested in Centro Properties Group. However, in the week ended 14 March 2008, Lend Lease representatives stated categorically that the company is not considering investing in the troubled group. Speculation remains that Lend Lease could bid for assets that could emerge from a sale process. Meanwhile, Mirvac is understood to have conducted preliminary due diligence on a Centro recapitalisation, but has decided not to proceed with a deal. One source believes a ...