Leucadia sells down FMG stake

FORTESCUE Metals Group’s third-largest shareholder Leucadia National Corp has sold off $US615 million ($A583 million) worth of its shares in the iron ore miner.

Leucadia sells down FMG stake Leucadia sells down FMG stake Leucadia sells down FMG stake Leucadia sells down FMG stake Leucadia sells down FMG stake

The US fund disposed of 92.4 million FMG shares on June 14, reducing its shareholding from around 7.9% to close to the 5% substantial shareholder threshold.

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