Original article by James Thomson
The Australian Financial Review – Page: 29 : 31-May-16

Citi analyst Clarke Wilkins notes that BHP Billiton has performed poorly in terms of mergers and acquisitions in recent years, and its high level of debt is likely to rule out acquisitions in the next several years. Wilkins adds that there is a dearth of suitable acquisitions at present, particularly in the copper and oil sectors, and he suggests that the resources giant could instead consider asset sales. He identifies BHP’s petroleum division as a potential candidate for asset sales.

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BHP BILLITON LIMITED – ASX BHP, CITIGROUP PTY LTD, RIO TINTO LIMITED – ASX RIO, POTASH CORPORATION OF SASKATCHEWAN INCORPORATED, GLENCORE PLC, SOUTH32 LIMITED – ASX S32