FMG 1.04% $20.35 fortescue ltd

nassim to sell all fmg holdings - 130m shares

  1. 1,694 Posts.
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    Taken from the business spectator:

    http://www.businessspectator.com.au/bs.nsf/Article/Fortescue-shareholder-selling-877-mln-stake--IFR-D9BMP?OpenDocument&src=hp7


    "HONG KONG - Temasek Holdings subsidiary Nassim Investments is selling its entire 128.9 million shares in iron ore miner Fortescue Metals Group Ltd in a deal worth up to $877 million, IFR reported.

    The stake is being offered in the range of $6.76-$6.88 each, a 4.3 to six per cent discount to its last traded price. Morgan Stanley is the sole book runner, the report added. "

 
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