Mining giant BHP Group on Tuesday said it had received all regulatory approvals for the unification of its corporate structure.
BHP has had a dual listing in Australia and the UK since 2001, when it merged with Billiton. It proposed in August to consolidate the two by keeping its primary base in Sydney.
The decision to consolidate BHP’s structure was triggered by recent changes in the company’s portfolio and a drop in earnings contribution from UK assets.
BHP said it expected the unification to be complete by next January 31 after the shareholders’ vote for both BHP Group Ltd and BHP Group Plc is held on January 20.
