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Iceberg casts doubts on Noble review move

Valuation questions will stay unanswered, it says; analyst says Icerberg's claims are presumptuous

Noble Group, whose subsidiaries include Noble Resources, has embarked on a third-party review of its governance framework.


ICEBERG Research on Tuesday afternoon fired another salvo at Noble Group, expressing doubt that the appointment of PricewaterhouseCoopers (PwC) to conduct a review will solve the commodity trader's problems.

"Noble has not clearly defined the scope of the review," said...