The weaker close was despite overnight reports that Russian steel tycoon Victor Rashnikov had received Foreign Investment Review Board clearance to move to 20% of Fortescue. Such a stake would rank him second to Mr Forrest, whose personal holding of 36.5% is worth $7.5 billion.
Speaking after announcing an unrelated $US230 million coal deal in Moscow, Mr Rashnikov said the move from the 5.4% he held through Magnitogorsk Iron & Steel Works (MMK) to 20% would have happened earlier but for Fortescue's share price gains.
15/03/2008
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$21.57 |
Change
-0.190(0.87%) |
Mkt cap ! $66.41B | |||
| Open | High | Low | Value | Volume |
| $22.01 | $22.10 | $21.52 | $119.4M | 5.503M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13058 | $21.57 |
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| Price($) | Vol. | No. |
|---|---|---|
| $21.58 | 11798 | 1 |
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