Related News
Fortescue may sell
February 24, 2009, Tuesday
|
Print Edition
Print Edition
FORTESCUE Metals Group Ltd, Australia's third-biggest iron ore exporter, may sell a 13-percent stake to China's Hunan Valin Iron and Steel Group and investors, according to people familiar with the sale.
Valin is in talks to buy 225 million new shares from Perth-based Fortescue, the sources said, declining to be identified because the sale is confidential. Valin may pay A$2.48 (US$1.61) for each Fortescue share. A further 200 million new shares may be sold to investors.
Valin is in talks to buy 225 million new shares from Perth-based Fortescue, the sources said, declining to be identified because the sale is confidential. Valin may pay A$2.48 (US$1.61) for each Fortescue share. A further 200 million new shares may be sold to investors.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
