06
Aug
09:03
Hancock takes Atlas but FMG stays on board
The Hancock Prospecting takeover of Atlas Iron has now been confirmed after it secured a 56.07% stake in the miner by the end of last Friday. FMG, meanwhile, has cut its stake in the miner but plans to remain involved in the company, Kallanish notes.
FMG said Monday that it was cutting its interest in Atlas from 19.9% to 11.37%, effectively conceding the battle for Atlas shares. It did not say who now owned the shares it had sold. The stake is still la…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous