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Pressure grows on Noble Group: Vitol says oil deal 'complicated'

Noble's negotiations with its lenders have also complicated the oil trading unit's sale, say sources

Fri, Oct 20, 2017 - 5:50 AM

London

VITOL Group's negotiations to buy Noble Group Ltd's oil trading unit are "very complicated" and may not end in a deal, the chief executive officer of Vitol said, adding to pressure on his Hong Kong-based rival.

The sale of the oil business is crucial to the survival of Noble...

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