Fortescue Metals Group chairman Andrew Forrest has acquired an indirect interest in a further 1 million shares costing $5.04 million, further to his acquisitions last month. This is 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. Mr Forrest’s direct and indirect interest in the WA iron ore miner now stands at 982 million shares worth $4.86 billion.
© Business News 2017. You may share content using the tools provided but do not copy and redistribute.