$283m Fortescue shares sold
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Friday, 5 March, 2010 - 13:35
Fortescue Metals Group has declined to comment on two large share transactions made today, valued at a total of $283 million.
The share trades make up nearly 1.9 per cent of the company's total share issue, with 58.6 million shares bought on-market at $4.83 each.
A spokesperson for the iron ore miner said the company does not comment on share transactions.
Overall, 68.7 million shares were traded today, and the company's share price closed down 10 cents to $4.78.