Noble Group disposes US gas and power arm for $138.3m

It was acquired by rival Mercuria Energy America, Inc.

Noble Group Limited (Noble) has agreed to sell all stocks of its indirect wholly-owned subsidiary Noble Americas Gas & Power Corp. (NAGP) to Mercuria Energy America, Inc. (Mercuria) for $138.3m (US$102m).

According to a press release, Mercuria has deposited $112.9m (US$83m) with an escrow agent.

Meanwhile, Noble continues to push through with the sale of Global Oil Liquids business.

Noble expects the sale of its business to be complete by 31 December 2017. 

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