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1
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Centro Reaches Debt Agreement; Shares Surge
submitted by thanh123
hares in Australian property firm Centro Properties Group (opened up 18 percent on Friday after it agreed an extension of maturities on about A$2.8 billion ($2.6 billion) of debt. Centro, one of Australia’s highest profile casualties of the global credit crunch, said on Thursday its banks had agreed to an extension to Dec. 15. Centro, which owns about 700 U.S. shopping malls, borrowed heavily
 
Topic: Money


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