Noble Group sells power, gas unit to Mercuria for $168 MM
1/8/2018
SINGAPORE (Reuters) Troubled Asian commodity merchant Noble Group said on Monday the final price for the sale of its American power and natural gas unit to rival trading house Mercuria was $168 MM.This is higher than the $102 MM announced earlier. This final amount includes $20 MM which remains deposited with the escrow agent.The original amount for the sale was to be around $250 million.
"The amount paid by the buyer... was subject to adjustment determined in accordance with the terms and conditions of the stock purchase agreement," Noble Group said in a statement.
(Reporting by Henning Gloystein; Editing by Muralikumar Anantharaman)
Sign up to Receive Our Newsletter
- Credit Agricole says it will not fund two major LNG projects
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Japan's JERA suspends output at 4 gas-fired power plants to secure LNG stocks
- TotalEnergies: Papua LNG project requires 'more work' to reach final investment decision
- Shareholders’ Resolution: MOL to pay $668-MM dividend
- Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy
- Shell publishes Energy Transition Strategy 2024
- QatarEnergy to charter 19 new LNG vessels expanding fleet further
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Mabanaft announces successful acquisition of WESTFA Energy GmbH
Comments