Fortescue Metals Group Limited
(ASX:FMG) could reportedly gain up to $8 billion for the sale of a stake in its wholly owned rail and port network, The Pilbara Infrastructure (TPI).
The Pilbara focussed iron ore producer flagged a potential divestment last week and said it has already received strong interest from a number of parties.
News Corporation reports Fortescue could gain up to $5.1 billion for a 49 per cent stake in the assets and could gain up to $3 billion more if the company charged commercial rates to use the infrastructure and open it to third party access.
The report says Fortescue is carrying about $10 billion of debt and is understood to have recently warmed to the idea of third-party haulage deals.
Fortescue Metals Group reported a net profit of $1.5 billion in the 2012 financial year.
