Iron ore magnate Andrew “Twiggy” Forrest has snared a 5 per cent holding in beef giant AACo, putting him among shareholders that include UK soccer-team owning billionaire Joe Lewis.
The $35 million holding of Mr Forrest, chairman of Fortescue Metals, was revealed in an announcement to investors on Monday evening in a Brisbane-based company which has not paid a dividend in more than a decade.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
