Original article by Amanda Saunders
The Australian Financial Review – Page: 17 : 18-May-15

South32 will be among Australia’s top 50 listed companies when its shares begins trading on a deferred settlement basis on 18 May 2015. Paul Young of Deutsche Bank expects the BHP Billiton spin-off to trade at about 0.7 times net present value, adding that BHP shares could be re-rated as a result of the demerger. Some of BHP’s institutional shareholders will watch the initial performance of South32 shares before deciding to increase or decrease their holdings in the spin-off.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, SOUTH32 LIMITED – ASX S32, DEUTSCHE BANK AG, ABERDEEN ASSET MANAGEMENT LIMITED, AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED – ASX AFI, X2 RESOURCES PARTNERS LP, GLENCORE PLC