10th Oct 2014 05:58
LONDON (Alliance News) - Mick Davis, the former head of Xstrata, attempted a dramatic comeback earlier this year, approaching BHP Billiton with an offer to buy a bundle of mines from the world?s largest natural resources group, the Financial Times reports Friday, quoting people familiar with the matter.
BHP rebuffed the bid from X2 Resources, Mr Davis? new investment vehicle, and instead stuck by a plan to spin-off unwanted assets into a new listed company, the paper said.
http://www.ft.com/cms/s/0/5c67a206-4fc2-11e4-908e-00144feab7de.html?ftcamp=crm/email/20141010/nbe/UKBusiness/product&siteedition=uk#axzz3FdcsF2l2
By Steve McGrath; [email protected]; @stevemcgrath1
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
BHP Billiton PLC