Fortescue Metals Group Ltd (AU:FMG) has released an update.
The Capital Group Companies, Inc. (CGC), and its related entities have become a substantial holder in Fortescue Metals Group Ltd, acquiring a 5% voting power through 154,042,440 shares of common stock. The shares are owned by accounts managed by CGC’s investment management companies, which provide services to a range of individual and institutional clients. This move marks a significant investment by CGC into the Australian iron ore giant as of 20th June 2024.
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