Fortescue Metals Group chairman Andrew Forrest has acquired an indirect interest in 5.1 million shares at a cost of $30.8 million. The shares were bought as part of an arrangement where The Metals Group, a private entity controlled by Mr Forrest, has provided financial assistance to allow certain senior executives of FMG to purchase the company’s shares on-market. Further transactions through this arrangement are anticipated. This brings Mr Forrest’s interest in the WA iron ore miner to 970 million shares worth about $6 billion.
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