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.
Analyze the relationship between 'Xstrata' and 'Glencore' within the context of the input sentence.
Options: developer, business division, owned by, position held