BHP to Part Ways with Billiton Name
17 Septiembre 2018 - 09:09PM
Noticias Dow Jones
By Robb M. Stewart
MELBOURNE, Australia--BHP Billiton (BHP) aims to remove the
second half of its name this year, the next step in a rebranding
push that has focused the world's biggest listed miner on its
Australian roots.
In documents released Tuesday to the Australian Securities
Exchange, the company said it would ask shareholders to vote to
rename the company BHP Group.
Last May, the company shifted to a new logo that simply said
"BHP" and dropped three stylized blobs that had been featured for
years. It also adopted the motto "Think Big" in place of
"Resourcing the Future."
The shortened name takes the company back to its origins as
Broken Hill Proprietary Co., when it was formed more than 130 years
ago around a silver, lead and tin mine in South Australia. It
formally adopted BHP Ltd. a year before the 2001 merger with
Britain's Billiton PLC, when it took on both names and a dual
Australia- U.K.-headquartered and listed structure.
In recent years, the company has consolidated its portfolio of
assets around iron ore, oil and gas, copper, and coal. In 2015, it
spun off nickel, aluminum and other assets--much of which came from
the Billiton side of the company--into South32 Ltd. (S32.AU). In
late July, it struck a US$10.8 billion deal to exit its shale
assets in the U.S., selling most of the oil and gas operations to
BP PLC (BP).
Shareholders in BHP Billiton PLC will be asked to vote on the
name change at the annual meeting in October, and owners of
Australia-listed BHP Billiton Ltd. at the annual meeting the next
month in Adelaide.
-- Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
September 17, 2018 21:54 ET (01:54 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
BHP (ASX:BHP)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
BHP (ASX:BHP)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024