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BHP Slips as Quarter-Century Presence on FTSE 100 Draws to Close

  • U.K. blue-chip gauge loses third-largest member on Monday
  • Billiton joined FTSE in ‘97 before merger with Australia’s BHP
Bags filled with nickel briquette and nickel powder sit in a warehouse at the BHP Group Ltd. Kwinana Nickel Refinery in Kwinana, Western Australia.

Bags filled with nickel briquette and nickel powder sit in a warehouse at the BHP Group Ltd. Kwinana Nickel Refinery in Kwinana, Western Australia.

Photographer: Philip Gostelow/Bloomberg

BHP Group Plc shares slipped on their last trading day as an FTSE 100 member as the miner’s near quarter-century association with the benchmark draws to a close.

London Stock Exchange Group Plc’s FTSE Russell unit confirmed this week that the company would be replaced in the index by Airtel Africa Plc, effective Jan. 31, following BHP’s decision to unify its structure in a single listing in Sydney.