At least four companies are considering bids for a controlling stake in the struggling retail-giant, Centro Properties Group.
Bids are expected from Blackstone Group and General Electric's GE Real Estate in the US, Australia's Mirvac Group and Mulpha, a subsidiary of Malaysian conglomerate Mulpha, informed sources said.
Other bidders are also likely to vie for Centro Properties as well as its various interests.
Centro is expected to collect formal bids “within several weeks”. Details of the planned bids weren't available.
Blackstone and GE declined to comment. Mirvac and Mulpha didn't immediately return messages seeking comment.
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