Temasek continues exit streak with Fortescue divestment
Singaporean sovereign wealth fund Temasek Holdings raised $877 million through the sale of its entire 4.1% stake in Australia’s third-largest iron ore miner Fortescue Metals Group to a group of overseas institutions.
According to local media, Temasek's stake in Fortescue is the fifth-largest block in the company. Founder Andrew Forrest is its main backer, holding 31%, and PRC iron and steel group Hunan Valin and US-based...
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