October 31, 2018 / 9:45 PM / 21 days ago

BHP announces $5.2 bln share buyback

Nov 1 (Reuters) - BHP will start an off-market buyback of $5.2 billion of its shares immediately, with the remainder of the proceeds from its U.S. onshore assets sale to be returned in the form of a special dividend, the global miner said on Thursday.

The company added that it has completed the $10.5 billion sale of its interests in Eagle Ford, Haynesville and Permian Onshore U.S. oil and gas assets to BP’s local unit. (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Hugh Lawson)

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