BHP sparks asset sale speculation, while CVC Asia Pacific fights to keep private equity hands on Nine.

It’s quite a feat for BHP Billiton to have gotten to the stage where if it’s not pumping tens of billions of dollars into a commodity, it’s probably poised to offload it. But that’s the conclusion that chief executive Marius Kloppers has more or less invited by saying that, while the aluminium and nickel divisions are not up for sale yet, they’ve been quarantined from investment for the meantime, with the boss adding that in 10 years' time a few divisions will definitely be gone. Meanwhile, over at Nine Entertainment, private equity owner CVC Asia Pacific has reportedly inked a deal with Goldman Sachs for almost $1 billion in debt to be converted to equity – that leaves just short of $3 billion to go. Elsewhere, firm details about how Whitehaven Coal and Aston Resources could be thrown together are starting to emerge, Maryborough Sugar Factory’s takeover from Mitr Phol is coming along well (too bad for Proserpine Sugar) and SABMiller has appointed its Foster’s Group takeover point man as its new chief executive.

BHP Billiton


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles