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.
From business spectator this morning A near 6 per cent jump in...
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Last
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B | |||
| Open | High | Low | Value | Volume |
| $17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $17.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 28897 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |