UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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BHP Billiton
Limited
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| 180 Lonsdale Street Melbourne VIC 3000 Australia | ||||
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9 May 2006
Number 15/06
SALE OF SOUTHERN CROSS FERTILISERS
BHP Billiton announced today that it has entered into an agreement for the sale of Southern Cross Fertilisers Pty Ltd (SCF) to Incitec Pivot Limited.
SCF produces high-analysis phosphate fertilisers from its facilities in northern Queensland and was originally acquired by BHP Billiton as part of the acquisition of WMC Resources Limited (WMC). The WMC fertilisers business was identified as a non-core asset at the time of the acquisition and its sale follows the earlier sale of SCF's one third interest in Hi-Fert Pty Ltd in December 2005.
Completion of the transaction is expected to occur during July 2006, following the conclusion of SCF's scheduled triennial major maintenance outage, with the final consideration subject to working capital adjustments, if any. Completion is subject to the Australian Competition and Consumer Commission not opposing the sale.
Further information on BHP Billiton can be found on our Internet site: www.bhpbilliton.com
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Australia |
United Kingdom Mark Lidiard, Investor & Media Relations Tel: +44 20 7802 4156 Mobile: +44 7769 934 942 email: Mark.Lidiard@bhpbilliton.com |
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Samantha Evans, Media Relations United States Tel: US +1 713 599 6100 or UK +44 20 7802 4031 Mobile: +44 7917 648 093 email: Tracey.Whitehead@bhpbilliton.com |
Illtud Harri, Media Relations South Africa |
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BHP Billiton Limited ABN 49 004 028 077 |
BHP Billiton Plc Registration number 3196209 |
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The BHP Billiton Group is headquartered in Australia
| Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. |
| BHP Billiton Limited | ||
| Date: 9 May 2006 | By: |
Karen Wood |
| Name: | Karen Wood | |
| Title: | Company Secretary |