Fortescue move

Fortescue Metals Group's resurgent share price may be tempting some sellers, with Canadian company Teck reportedly trying to sell its $500 million stake in the miner. The Wall Street Journal reported that Teck had commissioned investment bank CIMB to find a buyer for the stake, which was built up in early 2012.

Fortescue Metals Group's resurgent share price may be tempting some sellers, with Canadian company Teck reportedly trying to sell its $500 million stake in the miner. The Wall Street Journal reported that Teck had commissioned investment bank CIMB to find a buyer for the stake, which was built up in early 2012.

InvestSMART FORUM: Come and meet the team

We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles