The deal is very similar to the one Twiggy Forest signed with NY investment Firm Leucadia National Corporation in 2006 to get FMG off the ground, except this one is more flexible, and FMG needed an extra $2bn for rail and port infrastructure. We all know how that turned out. FMG went on to become a $75bn company, Leucadia Corporation went on to earn some $1.2bn from the initial $100M investment before being bought out by FMG, and the rest is history...!!!
https://www.google.com.au/amp/s/amp.theage.com.au/business/fortescue-finds-us-equity-partner-20060719-ge2qqr.htmlReplyForward
Ann: Hawsons secures A$ 200m equity funding package, page-313
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