Centro Properties Proposal to Erase $3 Billion of Debt Approved by Judge
Q
By Joe Schneider and Nichola Saminather - Dec 1, 2011 1:13 PM GMT+1000 .
...
Centro Properties Group (CNP), whose shareholders and debt holders agreed to a plan to wipe out A$2.9 billion ($3 billion) of debt last week, won court approval for the proposal, avoiding receivership.
