Fortescue, Australia’s third-largest iron ore producer, is also attempting to sell a minority stake in its infrastructure assets to repay debt. But there is growing speculation that a higher spot price is bolstering the group’s resolve to retain complete control over the assets.
Except I do notice it says FMG is trying to keep control of its assets while we are doing the opposite.
Cheers Gmac
GBG Price at posting:
15.5¢ Sentiment: None Disclosure: Held