Fortescue to buy Williams Advanced Engineering for US$222 million

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Fortescue Metals Group will buy Williams Advanced Engineering Limited (WAE) from private equity firm EMK Capital and Williams Grand Prix Engineering for £164 million (US$222.15 million), the iron one miner said on Monday (Jan 24). Fortescue added that one of the first major projects to be developed w

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Fortescue Metals Group will buy Williams Advanced Engineering Limited from private equity firm EMK Capital and Williams Grand Prix Engineering for £164 million , the iron one miner said on Monday .

Fortescue Future Industries and WAE will work together to decarbonise Fortescue - and in turn the global heavy industry and hard to abate sectors, Fortescue chairman Andrew Forrest said.

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