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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Performance

Australia’s Centro has good response for $18 bln assets

Posted on 17 November 2010

From Reuters: Property group Lend Lease and Singapore sovereign wealth fund GIC were behind an informal approach for about A$17 billion ($16.6 billion) of assets owned by Centro and its affiliate Centro Retail Group. Centro has not commented on the report.
Centro nearly collapsed under the weight of its debts in 2007 at the height of the global financial crisis, but won multiple reprieves from its lenders……………………………………….Full Article: Source


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