DataRoom AM: Orica's chemical split

Orica seems to be favouring an IPO for its chemicals division, while two frontrunners have emerged for BHP's Nickel West unit.

Confidence of a $1 billion sale of Orica’s chemicals unit is on the wane despite a number of interested parties lobbing in first round offers on Thursday. It leaves a listing of the division on the ASX as the most likely outcome.

Elsewhere, there’s a twist in BHP Billiton’s auction of Nickel West, another suitor for BG Group’s gas pipeline assets opts out and Bradken draws a cash offer from an unknown bidder.

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