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ESR sells out of Centuria; Morgan Stanley on trade


ESR selling out of Centuria Capital; Morgan Stanley on trade
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Global real estate investment group ESR is waving goodbye to Australia’s Centuria Capital Group.
Street Talk can reveal ESR mandated investment bank Morgan Stanley to the bulk of its 17.8 per cent stake in Centuria on Monday night.
ESR had Morgan Stanley in the market selling its stake in Centuria on Monday night.  
Louise Kennerley
Morgan Stanley was seeking buyers at $2.60 a share on Monday night, sources said, while the stock last traded at $2.75.
There were 73.3 million shares, worth $190 million or 12.2 per cent of Centuria’s issued equity, up for grabs. ....

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