The Australian4:37PM June 12, 2018 Save Share on Facebook Share...

The Australian4:37PM June 12, 2018
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BRIDGET CARTER
Mergers & Acquisitions EditorSydney
@BridgetCarterb
Mining baron Gina Rinehart has purchased a 19.6 per cent interest in Atlas Iron in what is the latest twist in the battle for the West Australian iron ore miner.
It is understood that the stake was acquired over recent days and will be announced shortly.
Heavy trading volumes are said to have occurred in Atlas Iron (AGO) shares on Friday and today.
Of the $64m worth of trading today, UBS handled $21m, which some say may suggest that the Swiss investment bank is close to the situation. It also handled about 37 per cent of the trading on Friday.

https://www.theaustralian.com.au/bu...5158af79a90c02adbb5fb07db62eb22f?from=htc_rss