DataRoom AM: Woolies' mammoth play

Woolworths looks to be making a play in Hong Kong, while new rumours surface on BHP Billiton's nickel assets.

Not content with the challenge of tackling the hardware sector, grocery giant Woolworths is pursuing a major offshore expansion through a bid for Hong Kong retailer ParkNShop. Meanwhile, mining behemoth BHP is refocusing on core assets and the latest rumours suggest a nickel spin-off could be imminent. Elsewhere, another IPO sets the market alight, Perpetual moves closer to Trust and CSL continues to reap value for its shareholders.

Woolworths

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