Hebei Iron, Tewoo eye Fortescue stake
By Bloomberg | China Daily | Updated: 2015-08-06 07:46
Two State-owned Chinese companies are looking to take a stake in a leading Australian miner.
Hebei Iron & Steel Group Co and Tewoo Group Co have approached Fortescue Metals Group Ltd about acquiring an interest in the iron ore producer, people with knowledge of the matter said.
Fortescue jumped as much as 10 percent in Sydney trading, the most in more than two months.
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