Deals
Mine Sales in Bear Market See Private Equity on the Prowl
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Mining companies led by BHP Billiton Ltd. are holding the biggest ever sale of assets this year just as commodity prices head into a bear market. What’s bad timing for the miners might be the opposite for private equity.
About $48 billion of mines and assets are on the block, almost double last year’s $23 billion of completed and pending deals, according to data compiled by Bloomberg.