BHP, Woodside in Talks on BHP's Petroleum Business
16 Agosto 2021 - 2:53AM
Dow Jones News
By Rhiannon Hoyle
SYDNEY--BHP Group Ltd. is in talks with Woodside Petroleum Ltd.
on a potential deal to combine BHP's petroleum unit with the
Australian energy company.
BHP said on Monday that a possible deal with Woodside would
include a distribution of Woodside shares to BHP shareholders.
"While discussions between the parties are currently
progressing, no agreement has been reached on any such
transaction," BHP said.
It is one of a number of options BHP is looking at as part of a
strategic review of its petroleum business.
"BHP regularly reviews its portfolio of assets in order to seek
opportunities to maximize long-term shareholder value," the company
said.
Woodside separately confirmed it was in talks with the mining
company.
"Woodside continuously reviews the composition of its asset
portfolio and opportunities to create and deliver value for
shareholders," the company said.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
August 15, 2021 20:38 ET (00:38 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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