BHP Billiton Limited's
(ASX:BHP) shareholders have shown strong support for its proposed $US15 billion spin-off called South32.
The diversified mining giant says the demerger resolution achieved 98.05 per cent in favour.
Two general meetings took place simultaneously in Perth and London to approve the demerger of South32 from BHP Billiton.
Chairman Jac Nasser has welcomed the support and says the demerger is a major step forward in the company’s evolution and expected to create long-term value for shareholders.
BHP Billiton reported a net profit of $5.84 billion in the first half of the 2015 financial year.
