A BERMUDA based investment manager has paid around $20 million for a slice of Centro Retail Group.
The Orbis Global Equity Fund has bought 117.40 million shares in CER for $19.64 million.
The fund now has a 5.14% stake in CER.
The fund has over $US10.5 billion invested in global equities and own shares in Samsung, Mitsubishi, Microsoft and Cisco Systems to name a few.
CER shares closed 1.4% higher at 36 cents.
Australian Property Journal
