Chinese-linked companies seek permission for Fortescue stake -Australian newspaper

May 25, 2015 10:49 PM

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SYDNEY May 26 Chinese-linked companies have applied to Australian regulators for permission to invest in Fortescue Metals Group, the Australian Financial Review reported on Tuesday, citing unnamed sources.

Fortescue held talks with Chinese steel producer Baosteel and CITIC about a recapitalisation of the Australian miner's balance sheet, the Australian newspaper said.

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