WAtoday.com. au, 16 Apr 2009, Natalie Craig
Australand could be primed for takeover after the residential and commercial property developer announced this morning that its lenders had approved refinancing, allowing it to pay off a $563 million loan facility due on June 30.
Linwar Securities last week speculated that successful refinancing of the $350 million owing on the facility could be the catalyst for Singapore's CapitaLand to attempt a takeover, or at least boost its 59% stake.
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