Fortescue Metals Group Ltd ( (AU:FMG) ) has issued an update.
Fortescue Metals Group Ltd, along with its subsidiaries and associates, has increased its voting power in Red Hawk Mining Limited from 91.57% to 95.04% through a combination of off-market takeover bids and on-market share purchases. This strategic move strengthens Fortescue’s control over Red Hawk Mining, potentially enhancing its influence in the mining sector and offering significant implications for its stakeholders.
More about Fortescue Metals Group Ltd
YTD Price Performance: -1.92%
Average Trading Volume: 8,524
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $36.57B
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