Noble’s NAES Sale Price Slightly Higher Than We Projected
Noble Group’s proposed sale of its subsidiary Noble Americas Energy Solutions, or NAES, has been priced at a total of USD 900 million-USD 1050 million, which is generally within our original assumption of USD 850 million. The price consists of USD 800 million for assets plus working capital of between USD 100 million (according to the buyer, Calpine) and USD 248 million (according to Noble’s 2015 accounts). The slightly higher selling prices leads us to raise our estimated one-off gain to USD 31...NOBLE GROUP HOLDINGS LIMITED is an investment holding company principally engaged in the provision of energy products and industrial raw materials supply chain management. Together with subsidiaries, the Company operates business of global supply chain manager of energy, power and gas products, metals and carbon steel materials. The Company also engages in the bauxite mining and alumina refining operation in Jamaica.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.