You are here: Home » Reuters » News
Business Standard

Noble Group clinches key restructuring deal with group of creditors

Reuters  |  SINGAPORE 

By Anshuman DagaSINGAPORE (Reuters) - Commodities merchant Noble Group has finalised a restructuring agreement with a group of senior creditors holding 46 percent of its debt, and is in talks with others, as it races to launch a deal crucial to its survival. The embattled firm has been negotiating a $3.4 billion debt-for-equity swap for months, after selling billions of dollars of assets, taking hefty writedowns and cutting hundreds of jobs over the past three years. Singapore-listed Noble, once Asia's biggest commodity trader, also said it would move its "centre of main interests from Hong ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, March 14 2018. 14:40 IST
RECOMMENDED FOR YOU