The first major fire sale from the Australian credit crunch was announced today when MFS revealed private equity firm CVC Asia Pacific had bought 65% of the Stella travel business for $409 million, writes Stephen Mayne.
Sheraton mirage
MFS, Centro and Allco – the teetering trifecta
The teetering trifecta of MFS, Allco and Centro are continuing to provide plenty of action as they sink under a truckload of debt and the bad smell of destroyed reputations ,writes Stephen Mayne.
