Chinese Firms Said to Approach Fortescue on Infrastructure

Updated on

Hebei Iron & Steel Group Co. and Tewoo Group Co. have approached Fortescue Metals Group Ltd. about acquiring a stake in the iron ore producer’s infrastructure assets, people with knowledge of the matter said. Fortescue jumped as much as 10 percent in Sydney, the most in more than two months.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.