Noble Group hands over US$70mln to NIC Holding

The commodities trading/supply chain manager affirmed interest on Northville by giving a US$70 million partial payment.

Noble Group Limited's wholly owned subsidiary, Noble Petro Inc., first announced its interest to acquire NIC Holding Corp's Northville Product Services on 17 May 2010.

The acquisition closed on 1 July 2010 after the delivery of the payment.

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