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Noble soars on advanced talks to sell Agri stake
Commodities group confirms discussions; media reports have named China's Cofco as party wanting to buy remaining 49% stake in Noble Agri
Add BT as a preferred sourcePublished Wed, Dec 16, 2015 · 09:50 PM
Singapore
SHARES in Noble Group surged on Wednesday as the commodity trading group confirmed that it was in advanced talks to sell off its remaining stake in Noble Agri.
Media reports have named China's Cofco, which already has a 51 per cent stake, as the potential purchaser. The deal, if successful, would be positive for Noble - if it is structured to take into account an expected improvement in Noble Agri's performance next year, said analysts.
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