Lawyers and financial advisers involved with the merger of Centro Retail Trust (ASX:CER) and Centro Properties Group (ASX:CNP) stand to make more than $100 million according to a report by The Australian.
If the restructure is approved by shareholders, they will make more than what is offered to shareholders, bondholders and noteholders. The amount was noted in an independent expert’s report.
Eight law firms have been involved in the restructure.
For the year ended June 30, 2011, Centro Retail reported a net profit of $357 million.
