Noble Group on Monday said the sale of its US energy unit, Noble Americas Energy Solutions (NAES), has already generated “significant interest from a broad spectrum of potential buyers”.
To recap, with the resignation of former CEO Yusuf Alireza on May 30, the group had also announced its intention to dispose of its entire 100% interest in NAES to enhance its balance sheet.
(See: "Noble Group CEO Alireza resigns; to sell Noble Americas Energy Solutions")
Noble has appointed Morgan Stanley and HSBC to advise on the disposal, which it targets to complete in 2H 2016, it said in the filing.
The company will make any further announcements regarding the sale of NAES as appropriate.
Noble last traded at 25 cents.
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To recap, with the resignation of former CEO Yusuf Alireza on May 30, the group had also announced its intention to dispose of its entire 100% interest in NAES to enhance its balance sheet.
(See: "Noble Group CEO Alireza resigns; to sell Noble Americas Energy Solutions")
Noble has appointed Morgan Stanley and HSBC to advise on the disposal, which it targets to complete in 2H 2016, it said in the filing.
The company will make any further announcements regarding the sale of NAES as appropriate.
Noble last traded at 25 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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