China’s Hebei Iron & Steel Group and Tewoo Group have approached Fortescue Metals Group about acquiring a stake in the iron ore producer’s infrastructure assets, people with knowledge of the matter said.
The state-owned Chinese firms are separately talking to Fortescue about investing in the infrastructure serving its operations in Western Australia’s Pilbara region, the people said. They may also consider buying stakes in some of Fortescue’s mines, two of the people said, asking not to be identified as the information is private. Talks with the Chinese firms are at an early stage and may not result in a deal, the people said.
Should just wait. The fire sale is coming.
