What are the odds of Fortescue Metals Group selling a minority stake in its infrastructure? Probably longer after yesterday’s results. Telstra Corporation has picked up a business in Sydney after getting knocked back on Adam Internet. Meanwhile, Woolworths is shopping in New Zealand, Envestra is rocking the brinkmanship with APA Group and Nine Entertainment has a kick in its IPO step.
Fortescue Metals Group
It’s looking less and less likely that Fortescue Metals Group will sell a minority stake in its port and rail assets, housed in The Pilbara Infrastructure.