DataRoom AM: Fortescue hive-off? - Business Spectator
Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Elsewhere, private equity firms eye off troubled local firms Bradken and Metcash, action at BIS Industries draws the interest of distressed-debt investors and The Costa Group moves forward with its high-profile IPO. Fortescue Metals has managed to retain its key assets through a horror 12 months, but it appears the miner may be willing to offload part of one of its two mining hubs, with chairman Andrew Forrest reportedly options with Macquarie , UBS and... Investment bankers have been told they could receive a mandate for the sale should they find any prospective buyers and while it’s unclear just how much of the asset Fortescue would be willing to part with, analysts are tipping a deal could raise... Source: www.businessspectator.com.au
