RPT-UPDATE 3-BHP announces spin-off plan, holds off on share buyback

martes 19 de agosto de 2014 06:41 GYT

(Adds link to Breakingviews video)

* Spin-off includes some nickel, coal

* Analyst sees 'better asset mix than we thought'

* Company to hold minimal net debt

* BHP Billiton half-year profit up 8 pct

* London-listed shares drop 4 pct

By Sonali Paul

MELBOURNE, Aug 19 (Reuters) - The world's biggest mining company, BHP Billiton , announced plans to spin off businesses worth an estimated $16 billion, most of them acquired in its 2001 merger with Billiton, to focus on its most profitable activities.

But it held off on a share buyback, disappointing investors who had hoped to receive around $5 billion. BHP's London-listed shares fell 4 percent.   Continuación...