Breakfast Deals: Power's Pilbara play

Fortescue will push ahead with its infrastructure sale to pay down debt, while APA Group may have to sweeten its Envestra bid.

Iron ore miner Fortescue Metals Group says it’s still working on selling a minority stake in its infrastructure despite a recovery in the iron ore price. Meanwhile, Envestra has told major shareholder APA Group it won’t engage at the current price, GrainCorp is becoming an election issue pronto and iiNet has moved on Adam Internet now that Telstra’s out of the way.

Fortescue Metals Group, The Pilbara Infrastructure

Iron ore miner Fortescue Metals Group is pushing ahead with its sale of a minority stake in its infrastructure assets, despite a turnaround in the commodity.

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