Temasek sells entire Fortescue stake

Business Spectator, 19 Jan 2011HONG KONG - Temasek Holdings subsidiary Nassim Investments is selling its entire 128.9 million shares in iron ore miner Fortescue Metals Group Ltd in a deal worth up to $877 million, IFR reported.The stake is being offered in the range of $6.76-$6.88 each, a 4.3 to six per cent discount to its last traded price. Morgan Stanley is the sole book runner, the report