Centro Properties Group
(ASX:CNP) says it has appointed JPMorgan and Moelis & Company to undertake an assessment of a restructure of the company.
The company says the objective of this assessment phase is to identify the means by which the enterprise value of the Centro group can be maximised and to separately identify and analyse execution risks.
Centro says it expects that work undertaken during this assessment phase should be completed by mid 2010.
Centro Retail Trust (ASX:CER) has appointed UBS to assess a restructure of the group.
Centro Chairman Paul Cooper says restoring value will take time and it is important to emphasise again that a transaction of any type is not imminent.
Centro Properties Group posted a loss of $3.5 billion in fiscal 09.
