Noble Group CEO Says Banks Behind It as Agri Deal Approved

  • Sale of stake in Noble Agri approved at meeting in Singapore
  • Proceeds from $750 million sale will be used to reduce debt

Noble Group Ltd.’s chief executive officer said the region’s top commodity trader still has the support of its banks, stepping up efforts to restore confidence after shareholders backed the sale of its agricultural unit and the company nibbled away at its debt burden by buying back bonds.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.