Deals
Mick Davis' X2 Said to Consider Bid for Anglo Mines in Brazil
- Anglo American said to expect to receive bids next week
- Company is selling niobium and phosphate mines for $1 billion
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X2 Resources, the private-equity firm founded by former Xstrata Ltd. chief Mick Davis, is among companies considering a bid for Anglo American Plc’s Brazilian niobium and phosphate mines, said two people with knowledge of the matter.
Anglo hired Goldman Sachs Group Inc. and Morgan Stanley to sell the assets as a package valued at $1 billion, and is expecting to receive bids next week, the people said, asking not to be identified because discussions are private.