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BHP Billiton considering demerger of assets in portfolio simplification
15-08-2014 07:29
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BHP Billiton said that it is considering a demerger of certain assets in an effort to make the company "simpler and more productive".
The company, which is the largest mining company in the world by revenues, is currently undergoing its "next phase of simplification".
As previously announced, BHP wants to focus on its "four pillars" - its main iron ore, copper, coal and petroleum assets - with potash being a potential fifth.
"Since then, the board has continued to study various structural alternatives including at its meeting this week. A demerger of a selection of assets is our preferred option."
The board is to reconvene next week and is expected to talk about this option, making announcements when material decisions are made.
BC
The company, which is the largest mining company in the world by revenues, is currently undergoing its "next phase of simplification".
As previously announced, BHP wants to focus on its "four pillars" - its main iron ore, copper, coal and petroleum assets - with potash being a potential fifth.
"Since then, the board has continued to study various structural alternatives including at its meeting this week. A demerger of a selection of assets is our preferred option."
The board is to reconvene next week and is expected to talk about this option, making announcements when material decisions are made.
BC
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