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Noble Group sells power, gas unit to Mercuria

Power News - Published on Thu, 11 Jan 2018

Image Source: forbesimg.com
REUTERS reported that troubled Asian commodity merchant Noble Group said that the final price for the sale of its American power and natural gas unit to rival trading house Mercuria was USD 168 million.

The original amount for the sale was to be around USD 250 million.

Noble Group said in a statement that the amount paid by the buyer... was subject to adjustment determined in accordance with the terms and conditions of the stock purchase agreement.

Source :

Posted By : Nanda Koijam on Thu, 11 Jan 2018
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