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Noble sells JV stake to Australian associate for US$1m in shares plus future royalty

Noble's shareholding in Aspire rises to 18.2% from 9.54% after transactions are completed

Noble Group
Noble Group is selling its wholly owned subsidiary, Noble Americas Corp (NAC), to rival Vitol US Holding Co, in a deal that is expected to bring in cash proceeds of about US$582 million.

Singapore

NOBLE Group has sold its stake in a joint venture Coalridge Limited for US$1 million to Australia-listed Aspire Mining in the form of Aspire's shares and options, plus a future royalty.

Coalridge Limited, an investment holding company, is a

sentifi.com

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