The mining giant’s decision to unify in Sydney makes sense – its roots were always in Australia
Farewell, BHP, one of the largest companies on the London stock market at almost £130bn.
The Melbourne-based mining company has tired of its clunky dual-headed Anglo-Australian corporate structure and wants to unify as a purely Australian entity with a primary listing in Sydney. It’ll keep a listing in London but it won’t be a “premium” version, the only sort that gets you into the FTSE 100. A large hole will appear in the UK’s blue-chip index.
