You are here

Noble sells US energy unit for US$800m

Analysts say Noble's balance sheet is stronger, but some remain cautious on the stock

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

sentifi.com

Market voices on:

Powered by GET.comGetCom