Noble Group's Farm Unit Sale Counters Junk Threat as Shares Jump

  • China's Cofco to pay at least $750m for 49% of Noble Agri
  • Sale improves Noble's finances, may weaken business: S&P

Noble Group Ltd. shares jumped after it agreed to sell the rest of its agriculture unit to China’s Cofco Corp. for at least $750 million in cash, allowing the embattled commodities trader to pare debt and counter the threat of losing its investment grade rating.

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