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).
Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.
The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.
If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.
Read Here
Advertise
Sign Up
