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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 ...

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First Published: Wed, March 14 2018. 14:40 IST