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Noble sells US energy unit for US$800m

Analysts say Noble's balance sheet is stronger, but some remain cautious on the stock
Tuesday, October 11, 2016 - 05:50

Singapore

IN A move that beleaguered commodity trader Noble Group hopes will restore confidence in its balance sheet, US energy unit Noble Americas Energy Solutions (NAES) was offloaded to US-listed Calpine Corporation for US$800 million on Monday.

The sale price does not include