Gina Rinehart has threatened to sell her stake in Fairfax Media if she is not offered seats on the firm's board "without unsuitable conditions".
The mining magnate recently increased her stake to 18.67% in Fairfax and has reportedly asked for three board seats and more editorial control.
However, there are concerns that such a move may hurt Farifax's independence.
Ms Rinehart, who is Australia's richest woman, is opposed to the government's mining and carbon tax plans.
"Unless director positions are offered without unsuitable condition, Mrs Rinehart is unable to assist Fairfax at this time," her firm Hancock Prospecting Pty Ltd (HPPL) said in a statement.
"HPPL may hence sell its interest, and may consider repurchasing at some other time."
Source & Image : BBC
No comments:
Post a Comment