BHP Billiton says aiming to spin off unwanted assets-Shanghai Metals Market

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BHP Billiton says aiming to spin off unwanted assets

Company News 11:58:31AM Aug 15, 2014 Source:SMM

Fri, 15 Aug 03:36:00 GMT

MELBOURNE, Aug 15 (Reuters) - BHP Billiton said on Friday its preferred option for shedding its unwanted assets was to spin them off to shareholders, a path its board is discussing in meetings ahead of releasing annual results on Aug. 19.

"A demerger of a selection of assets is our preferred option," the company said in a statement to the Australian stock exchange.

The company has long flagged that it wanted to sell or spin off its manganese, aluminium and nickel assets, which contribute very little to its earnings, and analysts have speculated it may also get rid of its South African energy coal and Cannington silver mine. [ID:nL4N0MT0VN]

 

 

(Reporting by Sonali Paul)

((Sonali.Paul@thomsonreuters.com; +61 3 9286 1419; Reuters Messaging: sonali.paul.thomsonreuters.com@reuters.net))

 

 

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BHP Billiton says aiming to spin off unwanted assets

Company News 11:58:31AM Aug 15, 2014 Source:SMM

Fri, 15 Aug 03:36:00 GMT

MELBOURNE, Aug 15 (Reuters) - BHP Billiton said on Friday its preferred option for shedding its unwanted assets was to spin them off to shareholders, a path its board is discussing in meetings ahead of releasing annual results on Aug. 19.

"A demerger of a selection of assets is our preferred option," the company said in a statement to the Australian stock exchange.

The company has long flagged that it wanted to sell or spin off its manganese, aluminium and nickel assets, which contribute very little to its earnings, and analysts have speculated it may also get rid of its South African energy coal and Cannington silver mine. [ID:nL4N0MT0VN]

 

 

(Reporting by Sonali Paul)

((Sonali.Paul@thomsonreuters.com; +61 3 9286 1419; Reuters Messaging: sonali.paul.thomsonreuters.com@reuters.net))