BHP Billiton Limited (ASX:BHP) has confirmed it will pursue a standard listing on the London Stock Exchange for its proposed $17 billion ($US15 billion) new company.
The global diversified mining company announced in August it would spin-off an unnamed new entity, on track to be listed from the first half of 2015.
At the time BHP said the new company would be listed on the Australian Securities Exchange with a secondary listing on the Johannesburg Stock Exchange.
Since then BHP says it has also decided to list in London in response to the interest investors have shown in the new company.
BHP plans to create an independent global metals and mining company based on a selection of its aluminium, coal, manganese, nickel and silver assets.
BHP advises a final board decision on the demerger will only be made once the necessary approvals are secured.
BHP Billiton reported a net profit of $16.16 billion in the full 2014 financial year.
