Fortescue considers sale of minority stake in infrastructure subsidiary

Fortescue Metals Group Ltd has announced that it is considering the sale of a minority interest in its wholly-owned subsidiary The Pilbara Infrastructure (TPI), owner of the company's existing rail and port assets.
 
Fortescue stated that a number of strategic and financial parties interested in investing in TPI are attracted by the fact that TPI is the only provider of third party infrastructure in the Pilbara region of Western Australia.
 
According to Fortescue's statement, any sale would only be transacted at full and fair market value and on the basis that the current efficiency of infrastructure and mining operations are not impacted.