Miner’s spin-off has bumpy birth

Original article by Peter Ker
The Australian Financial Review – Page: 1 & 11 : 20-Aug-14

BHP Billiton has reported a 2013-14 underlying profit of $US13.4bn, which is 10 per cent higher than previously but lower than most analysts had expected. Meanwhile, UK investors have responded negatively to the group’s proposal to spin off non-core assets into a new listed company. A large sell-off of the new company’s shares is expected, as UK investors are concerned by the fact that it will be listed in Australia and South Africa, rather than the UK

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