Noble, Wilmar call off shares sale of Noble Plantations

Conditions were not satisfied.

According to a release, Noble Group Limited and Wilmar International Limited will not push through with the planned shares sale of the former's Noble Plantations.

While the parties plan to continue with their proposed partnership by leveraging on their strengths in Papua, the conditions for the disposal of Noble’s 53.74% equity interest in Noble Plantations Pte. Ltd. to Newbloom Pte. Ltd., have not been satisfied as at the long stop date. Accordingly, Noble will currently continue to hold, indirectly, all the equity interest in Noble Plantations Pte. Ltd.

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