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Noble's planned sale of four vessels for US$95m falls through
Buyers fail to get approval from their boards before Feb 1, making the deal void
Add BT as a preferred sourcePublished Fri, Feb 2, 2018 · 09:50 PM
Singapore
NOBLE Group said on Friday that a proposed divestment of four dry bulk carrier vessels to further pare debt has fallen through as the buyers failed to obtain approval from their boards before Feb 1, 2018, making the deal void.
The disposal of the freight vessels for gross proceeds of about US$95 million had been approved by Noble shareholders at a special general meeting on Jan 25.
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