Australian iron ore explorer, Fortescue Metals Group, announced on Oct

Published: Oct 30, 2023 09:38

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Australian iron ore explorer, Fortescue Metals Group, announced on October 30th that it had received a takeover bid from Zhongjin Capital (Hong Kong) Co., Ltd., a subsidiary of Zhongjin Mining, for an amount of A$6.554 billion (approximately US$415 million). The offer was for all of the Fortescue Metals Group shares not already held by Zhongjin Capital at a price of A$0.58 per share.

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