BHP spin-off worth $US14bn, says Deutsche

BHP’s plans to spin off non-core assets is logical and may help its shares, say analysts at Deutsche Bank.

Deutsche Bank analysts say BHP Billiton’s aluminium, manganese, nickel, South African coal assets and the Cannington mine are worth about $US14 billion if the world’s biggest mining company puts them into a new company.

In a research note, Deutsche Bank says BHP’s plan to sell these non-core assets is logical and may cause a “modest re-rating of BHP as a result”.

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