Andrew Forrest Buys Oaktree's 16.8% Stake In Tungsten Miner EQ Resources
Wonongarra Pty Ltd, the private vehicle Forrest controls, paid roughly A$189.7 million to complete the purchase from Oaktree Capital.
- The deal covers 862.1 million ordinary shares, the core of Oaktree's stake.
- It also folds in 35.6 million options tied to the same shares.
- EQ Resources confirmed the transfer to the market on 17 July 2026.
Why it matters: Owning 16.8% of a company buys influence over its board, not merely a rising share price.
EQ Resources company announcement — "Dr Andrew Forrest AO to acquire 16.8% of EQR from Oaktree" ↗ · Jul 20, 20267/20/26 · ✓ Checked✓ Check