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



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

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

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

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

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles