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Regions :: Australia/New Zealand
BHP Billiton confirms demerger plans
11:32 AM MDT | August 18, 2014 | Natasha Alperowicz
BHP Billiton (Melbourne) has confirmed that, as part of a plan to simplify its portfolio, it is favoring demerging noncore assets to concentrate on the iron ore, copper, coal, and petroleum assets, as well as potash, which the company is currently developing as a new business. BHP announced on 1 April that it is studying the next phase of simplification, including structural options. “We believe that a portfolio focused on our major iron ore, copper, coal, and petroleum assets would retain the benefits of diversification, generate stronger growth in cash...
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