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FMG sells remaining Atlas stake 

IRON ore billionaire Andrew Forest and his companies, including Fortescue Metals Group, may have been unsuccessful at a bid for iron ore junior Atlas Iron, but he has made rival Hancock Prospecting pay for its pound of flesh, using its blocking stake to help force Gina Rinehart to twice increase her offer.

Haydn Black
Hancock now controls Mt Webber.

Hancock now controls Mt Webber.

After market close on Friday, Forrest revealed his interests had sold their remaining 11.4% stake in Atlas, secured in June during a three-way tussle with Hancock and Mineral Resources.   The one billion...

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