Market Chatter: BHP Weighs Sale of Chile Desalination Plant, Electricity Transmission Assets

MT Newswires Live03:08

BHP (BHP) is mulling the sale of a desalination plant in Chile, along with its electricity transmission assets, as it focuses on its core copper business, Bloomberg reported Friday, citing people familiar with the matter.

The electricity transmission assets are expected to fetch approximately $1 billion to $1.3 billion, while the desalination plant could raise about $500 million to $700 million, the people reportedly said.

BHP has not identified potential bidders, since the deal is still pending, according to the report.

BHP did not immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 81.97, Change: +2.06, Percent Change: +2.58

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