Fortescue investor in reported $1.9b selldown

[Pelican Press 0]

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Fortescue investor in reported $1.9b selldown

An undisclosed institutional investor was reportedly selling $1.9 billion worth of shares in Andrew Forrest’s Fortescue through JP Morgan on Monday night.

The *********** Financial Review said in its Street Talk column that the reported block trade would be worth up to 3.2 per cent of the iron ore and green energy company, which has a market capitalisation of about $62.6 billion, and would be at an 8.8 per cent to 6.1 per cent discount on its last close of $20.35.

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#Fortescue #investor #reported #1.9b #selldown

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