View
Page
Mick Davis, the former head of Xstrata, has amassed a $4.8bn (£3bn) war-chest to fund acquisitions for his new mining venture X2 Resources amid growing momentum behind M&A activity in the industry. X2 Resources, which Mr Davis formed with colleagues from Xstrata after the coal miner merged with Ivan Glasenberg's Glencore empire, said that it has raised an additional $1bn from investors to fund deals. "With almost $5bn in equity and access to significant additional debt funding, X2 Resources is uniquely positioned and we are currently reviewing a number of opportunities in the metals and mining sector," said Mr Davis. "We will build on the team’s unparalleled track record of acquiring and integrating assets and supporting the management teams of acquired businesses to create value."
Latest from the Community...
Latest from the Community...
Latest from the Community...
