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Rinehart sells down stake in Fairfax

05/07/2012 - 15:03

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Australia's richest woman, Gina Rinehart, has reduced her stake in Fairfax Media, offloading more than 86 million shares.Mrs Rinehart sold 86.5 million shares worth $50.1 million, reducing her stake in the company to 15 per cent, to an Australian fund manager.

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