Chichester & Infrastructure Deal, page-12

From business spectator this morning

A near 6 per cent jump in Fortescue Metals’ stock yesterday has reignited rumours of a partial divestment of its lucrative infrastructure assets. The Australian Financial Review reports negotiations with Hebei Steel & Iron may have stepped up of late, with a deal of up to $4 billion mooted. However, it is believed an agreement isn’t yet imminent despite the ongoing talks.

Meanwhile, China’s Fosun has reportedly walked away from a potential deal on Fortescue’s Chichester assets. Earlier this year Baosteel was linked to a potential $2bn-plus purchase of a stake in Fortescue’s Chichester hub in the Pilbara, but nothing came of the talk.