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Noble Group sign is pictured at a meet-the-investors event in
Singapore
Thomson
Reuters
By Anshuman Daga
SINGAPORE (Reuters) – Singapore-listed commodities trader Noble
Group agreed to sell its North American energy distribution unit
to U.S. firm Calpine Corp for $1.05 billion, moving a step closer
to completing a restructuring to raise $2 billion to help cut
debt.
The sale of Noble Americas Energy Solutions (NAES) includes
repayment of working capital of about $248 million, Noble said in
a statement. Noble’s shares rose nearly 7 percent in early
trading on Monday.
The move comes as the Hong Kong-based trader aims to rebuild
inve…
Read the full article at: http://www.businessinsider.com/r-noble-group-agrees-105-billion-sale-of-us-unit-in-planned-move-to-cut-debt-2016-10
