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Noble Group to sell global oil liquids business to Vitol

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Noble Group to sell global oil liquids business to Vitol

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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)
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