CAPITAL MARKETS

Chinese regulator backs FMG deal

CHINESE steelmaker Hunan Valin Iron and Steel Group’s proposed investment in Fortescue Metals Group has inched closer to fruition after a Chinese regulator gave the deal the thumbs up.

MiningNews.Net
Chinese regulator backs FMG deal

Australia’s third-largest iron ore play said in a statement it had received approval from the National Development and Reform Commission (NDRC) for Valin to acquire 260 million new FMG shares to raise...

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