CNP owns shares in CER
CER sell their US assets to Blackstone.
After which senior creditors are then given all CER shares CNP own as a debt for equity swap.
Rumored $100m is allotted to clean up CNP loose ends. (Share holders)
CNP is folded.
Senior creditors now own bricks and mortar actually worth something to do with what they wish. Sell or hold.
This is how I see it on the info available.
sorting out centro is robert tsenins swan song, page-3
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