Noble Group to sell oil liquids unit to Vitol, flags US$1.2b loss

23 Oct 2017 - The Star Online
SINGAPORE: Struggling commodities trader Noble Group agreed to sell its Americas-focused oil liquids business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter. Monday's move came after Reuters reported late on Friday that Vitol, the world's ...
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Noble Group: Disposal Of Noble Americas Corp. At A Loss Of US$525 Million.

23 Oct 2017 - ShareInvestor Express
Purely for illustrative purposes, based on the Total Consideration of approximately US$582 million, the illustrative loss on the Proposed Disposal of Noble Americas Corp., including the loss on the Noble Americas Gas & Power Corp. Disposal, would amount to approximately US$525 million based on the carrying ...
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Noble Group: Expects Net Loss Of US$1.25 Billion For 3Q17.

23 Oct 2017 - ShareInvestor Express
Noble Group Limited expects to report a total net loss in the range of US$(1,100) to US$(1,250) million in 3Q 2017, which results in total shareholders' equity in the range of US$950 to US$1,100 million on a pro forma basis as at 30 September 2017...
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Stocks to watch: Noble, Darco, Sinjia

23 Oct 2017 - Business Times Breaking News
THE following companies saw new developments that may affect trading of their shares on Monday:Noble Group Limited: Noble Group is selling its wholly owned subsidiary, Noble Americas Corp (NAC), to rival Vitol US Holding Co, in a deal that is expected to bring in cash proceeds of about US$582 million. ...
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Noble warns of Q3 loss, reaches deal to sell Noble Americas

23 Oct 2017 - Business Times Breaking News
NOBLE Group is selling its wholly owned subsidiary, Noble Americas Corp (NAC), to rival Vitol US Holding Co, in a deal that is expected to bring in cash proceeds of about US$582 million. The beleaguered commodities trader said in a Singapore Exchange filing before the market opened on Monday that the ...
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Noble sells US oil unit for US$1.42b

23 Oct 2017 - Singapore Business Review
It wants to rebuild after mismanagement challenges. Noble Group sold its American unit Noble Americas Corp. (NAC) to Vitol US Holding Co. and Euromin Inc. for a total consideration price of US$1.42b. According to an announcement, Noble reported losses in Q1 after mismanagement of its supply chain and ...
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Noble Group seeks stock trading halt, pending major transaction

20 Oct 2017 - The Star Online
SINGAPORE: Singapore-listed commodity merchant Noble Group has requested an immediate halt to trading on Singapore Exchange (SGX), the company said on Friday. Noble said the reason for the trading halt was a "pending announcement of a major transaction." The company has in the past said that it planned ...
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Noble halts trading pending major deal; was in talks to sell oil trading unit

20 Oct 2017 - Business Times Breaking News
TRADING in shares of embattled commodities firm Noble Group was halted a minute after noon on Friday, pending announcement of a "major transaction".Noble did not provide additional details, but it has been in negotiations with Vitol Group to sell its oil trading unit. In an interview with Bloomberg this ...
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Noble kills three wholly-owned subsidiaries

17 Oct 2017 - Singapore Business Review
All were let go for US$1 each. Noble Group Limited (Noble) disposed of three wholly-owned companies for US$1 each. According to an announcement, the three companies Noble sold are Silverblatt Limited (Silverblatt) and RawMart Holdings Limited (RawMart Holdings) in the British Virgin Islands and Noble ...
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Noble's NAGP sale profits shaved to $139.2m

10 Oct 2017 - Singapore Business Review
No thanks to changes in working capital, escrow. Changes in working capital and amounts allocated to escrow led Noble Group to get less from the sale of its gas and power unit Noble Americas Gas & Power Corp (NAGP), it said in a reply to queries from the Singapore Exchange (SGX). Noble said it received ...
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