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Monday, February 28, 2011

Australia's Centro shares up 20 pct on asset sale, restructure

Shares in Australian shopping mall owner Centro Properties jumped 20 percent after it announced U.S. asset sales and details of a major restructure. Centro securities rose to 18 cents, their highest level since November last year. Centro confirmed the sale of its U.S. shopping mall assets to private equity firm Blackstone Group for $9.4 billion. (Reporting by Eriko Amaha; editing by Michael Smith)

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