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Noble to sell US-based ethanol producer to Mercuria unit for higher price

Mercuria Investments US will pay US$15.5m, US$3m more than an offer from Zeeland Farm Services

Published Fri, Dec 8, 2017 · 09:50 PM
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A NEW buyer has been found for troubled commodity trader Noble Group's US-based ethanol producer, Noble Americas South Bend Ethanol (Nasbe).

Noble will now sell Nasbe to Mercuria Investments US for a base consideration of US$15.5 million - US$3 million higher than its previous offer from Zeeland Farm Services.

After adding the net working capital of US$0.9 million and inventory value of US$3.6 mi…

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