Noble Group Surges as U.S. Energy Unit Sold to Calpine Corp.By and
Sale of Noble Americas Energy expected to close in December
Commodity trader plans to cut debt, fund growth opportunities
Noble Group Ltd., the embattled commodity trader backed by China’s sovereign-wealth fund, agreed to sell its U.S. energy unit to Calpine Corp. for $800 million plus working capital, saying the deal largely completes a drive to raise $2 billion. The shares jumped in Singapore.
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