A London listing will ease the birth of BHP's spin-off

BHP's about-face on the London listing of its spin-off of second-tier assets is good news for UK investors and for all shareholders in the new entity.

When BHP Billiton announced the spin-off of its second-tier assets last month, the immediate reaction in London was very negative, with a large-scale sell-off of its shares. That makes BHP’s about-face on the question of a London listing of shares in the demerged entity more interesting than it might otherwise have been.

The original intention was that shares in SpinCo (as it is temporarily named within BHP) would be listed in Australia, with a secondary listing in South Africa but no listing in London.



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