QUOTE "Fortescue, the world's fourth-largest iron ore producer by output, said it would miss a deadline to conclude a sale of a minority stake in its The Pilbara Infrastructure unit by the end of the month as it deepened talks with a shortlist of investors.
"The level of interest generated has necessitated a longer period of evaluation than previously contemplated," the company said in a statement today.
Although negotiations over selling a stake in its infrastructure were "substantially advanced", Fortescue said the outcome would now likely be known between July and September."
AGO Price at posting:
81.5¢ Sentiment: Buy Disclosure: Held