An article in The Australian this morning carries this comment.
"Some of the potential industry tie-ups that Citi proposed included Andrew Forrest's Fortescue Metals Group and copper miner OZ Minerals."
The full article can be found here
http://www.theaustralian.com.au/business/rudds-reform-risks-investor-exodus-says-citi/story-e6frg8zx-1225881093574
I can see some positives and negatives of this.
Positives
1. Reduces OZL dependence on one mine
2. Exposes OZL shareholders to multiple commodities
Negatives
1. Does not fit OZL strategy.
2. OZL Cash holding would probably be used to reduce FMG debt exposure. (This could be a positive for both companies. If OZL cannot see value in purchasing something maybe the merger and use of the cash by FMG is a better option - a win/win)
Other comments would be appreciated.
HT1
- Forums
- ASX - By Stock
- OZL
- citi suggests fmg and ozl tie up
citi suggests fmg and ozl tie up
-
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)