Noble to sell American power unit to Mercuria for $353m

The sale is expected to help Noble reduce its debt levels.

Around 99.8% of Noble Group's shareholders agreed to sell its North American gas and power unit to Mercuria Energy Group.

According to KGI, the sale could bring in about $353m (US$261m) based on its Q2 results.

This is higher than the initially announced figure of $335.4m (US$248m).

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