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Sovereign Wealth Funds Briefing - Categorized | Market

Davis’s X2 said to study BHP assets bid with Abu Dhabi support

Posted on 29 April 2014

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………………………………………..Full Article: Source


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