The company logo of Noble Group is displayed at its office in Hong Kong, China January 22, 2016. REUTERS/Bobby Yip
October 22, 2017
SINGAPORE (Reuters) – Struggling Noble Group <NOBG.SI> agreed to sell its Americas-focused oil liquids business to Vitol for a gross consideration of $1.4 billion, as part of its strategy to shrink its businesses to cut debt.
Singapore-listed Noble also said it expected to report a loss in its third quarter, primarily due to non-cash losses resulting from the sale of certain assets and businesses.
(Reporting by Anshuman Daga; Editing by Stephen Coates)
