Abu Dhabi's Goldilocks ups stake in Noble to 8.2%
CONFIRMING market speculation, struggling commodity trader Noble Group said on Monday that Abu Dhabi's Goldilocks Investment Company has raised its stake in the firm.
In a filing on Singapore Exchange, Noble said that Goldilocks' direct interest in the group has risen from 5.03 per cent to 8.19 per cent, after it purchased 41.6 million shares through a market transaction for S$23.2 million on July 6.
Goldilocks is a fund managed by ADCM Altus Investment Management, an indirect subsidiary of Abu Dhabi Financial Group. It now holds 107.6 million shares in Noble.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance