Currently viewing Global edition

Andrew Forrest in $159M stock buy

Fortescue Metals Group founder and chairman Andrew Forrest has bought A$242.8 million (US$159 million) worth of shares in the iron ore producer to boost his stake.

Andrew Forrest in $159M stock buy Andrew Forrest in $159M stock buy Andrew Forrest in $159M stock buy Andrew Forrest in $159M stock buy Andrew Forrest in $159M stock buy

FMG founder and chairman Andrew Forrest

Forrest bought 22.1 million shares on market between last Friday and yesterday.

FMG shares peaked at $12.