CER 0.00% 32.0¢ centro retail group

News: CER Vicinity extends asset divestment program to about $1.5 bln

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    May 19 (Reuters) - Vicinity Ltd (CER) :

    • Extends asset divestment program
    • Announced asset divestment program of about $750 million to $1 billion has

      been extended to about $1.5 billion

    • This revised amount of potential asset sales includes the in principle

      agreement to sell stakes in two assets to ISPT

    • Says sale proceeds from the asset divestment program will be used to repay

      debt

    • Says no impact on FY 2016 underlying EPS guidance is anticipated due to the

      expected timing of asset sales

    • No impact on FY 2016 underlying EPS guidance is anticipated due to expected

      timing of asset sales

                        
 
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