Australia’s Fortescue holds back on rail stake sale as profit soars

Australia’s Fortescue Metals Group, shored up by soaring iron ore output and deep cost cuts, has scrapped a September deadline for selling a stake in its port and rail business, spurning offers it has received so far.

via Business feed http://www.scmp.com/business/companies/article/1298566/australias-fortescue-holds-back-rail-stake-sale-profit-soars