AustraliaDaily Briefs

Daily Brief Australia: Fortescue Metals and more

In today’s briefing:

  • Fortescue: Twiggy’s Share Separation


Fortescue: Twiggy’s Share Separation

By David Blennerhassett

  • Prior to recent developments, Andrew Forrest held a 36.25% stake in Fortescue Metals (FMG AU).
  • An ASIC shareholder disclosure into the giant iron-ore miner earlier this year fuelled speculation, culminating in an ASX notice Andrew was separating from his wife after 31 years of marriage. 
  • A private statement assures there will be no impact on the control of FMG. But that won’t put a stop to the rumour mill.

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