Noble Group agrees $1.05 billion sale of U.S. unit in planned move to cut debt – Business Insider

A Noble Group sign is pictured at a meet-the-investors event in Singapore Thomson Reuters By Anshuman Daga SINGAPORE (Reuters) – Singapore-listed commodities trader Noble Group agreed to sell its North American energy distribution unit to U.S. firm Calpine Corp for $1.05 billion, moving a step closer to completing a restructuring to raise $2 billion to…

Noble Group agrees $1.05 billion sale of US unit in planned move to cut … – Reuters

By Anshuman Daga | SINGAPORE Singapore-listed commodities trader Noble Group agreed to sell its North American energy distribution unit to U.S. firm Calpine Corp for $1.05 billion, moving a step closer to completing a restructuring to raise $2 billion to help cut debt. The sale of Noble Americas Energy Solutions (NAES) includes repayment of working…