BHP may list Spinco in London

[miningmx.com] – BHP Billiton may seek an additional listing for its spinoff company in London claiming there had been a high level of interest by UK shareholders, said Bloomberg News citing group chairman, Jacques Nasser.

UK shareholders would not otherwise to able to invest in the company due for a Perth and Johannesburg debut because they are not mandated to buy companies in those regions, said the newswire.

“We have been pleased by the support for the de-merger and the level of interest investors have shown in the new company,’ Nasser wrote in a letter to investors.

Andrew Mackenzie, CEO of BHP Billiton, said on the day the original spinoff was announced that the company wouldn’t be pursuing a London listing because of the cost and complexity.

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