Mining and trading company Glencore Plc (Xetra: A1JAGV - news ) , former Xstrata Chief Executive Officer Mick Davis' X2, and British investment firm Audley Capital (Other OTC: CGHC - news ) were among the first round of bidders, sources told Reuters in June.
Take context from the input text and decide on the accurate relationship between 'Xstrata' and 'Glencore' from the options provided.
Options: owned by, business division, developer, position held