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
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...