Davis’s X2 Said to Study BHP Assets Bid With Abu Dhabi Support - Bloomberg

Davis’s X2 Said to Study BHP Assets Bid With Abu Dhabi Support - Bloomberg:



"Former Xstrata Plc Chief Executive Officer Mick Davis is studying making a bid for BHP Billiton Ltd. thermal coal and nickel assets after raising funds from investors including Abu Dhabi’s sovereign wealth fund, according to a person with knowledge of the matter.



Davis’s X2 Resources is weighing an offer for the BHP assets after raising as much as $3.75 billion from five investors last month, said the person, who asked not to be named as the information isn’t public. 




There is no certainty that X2 will make an offer to BHP, and the world’s largest mining company hasn’t said it has identified any operations that it wishes to sell."



'via Blog this'