ENERGY & OFFSHORE | Staff Reporter, Singapore

Noble Group gets a new major shareholder

Goldilocks ups its stake in the group.

Bloomberg Markets reported that Goldilocks Investment Co. has raised its holding in the embattled commodity trader and now controls almost as much equity in the company as China’s sovereign wealth fund.

The Abu Dhabi fund increased its stake to 8.19 percent from 5.03 percent after adding 41.6 million shares on July 6, according to a filing to the Singapore Exchange on Monday. That makes it the fifth-largest shareholder after China Investment Corp., which has a 9.61 percent holding, according to data compiled by Bloomberg. The stock rose 3.2 percent to 64.5 Singapore cents by 10:15 a.m.

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