CAPITAL MARKETS

Fortescue chases more Chinese cash

CHINA’S Hunan Valin Iron and Steel Group could take a 17.4% stake in Fortescue Metals Group, after the iron ore play agreed to issue the steel mill with a further 35 million shares.

Charlotte Dudley
Fortescue chases more Chinese cash

Further to the $A558 million share sale deal with Valin announced last month, Fortescue has struck another deal with the Chinese group to raise a further $86.8 million. Under the terms of the new agreement,...

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