This in no way makes FMS look more appealing, those assets that they were trying to get rid of we're pretty much 'rubbish assets' and hence why no one wanted to take up any shares in the IPO.
FMS' core business is and will be the Iron Ore, the other assets will be a 'cash drain' as they spend time and assets in trying to discover some new potential projects, none of which will be of the scale of its Iron Ore project, or even be economically viable. The best result here could be that the Indian group that's looking to buy all/some/jv FMS buys those assets as part of the deal.
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This in no way makes FMS look more appealing, those assets that...
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1 | 8044 | 0.800 |
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Price($) | Vol. | No. |
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0.885 | 4999 | 1 |
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