Noble Group Jettisons ‘Crown Jewel’ in Quest to Raise FundsBy
Shareholders vote at SGM to approve sale of U.S. energy unit
Chairman Elman says return to profit may take one, two years
Noble Group Ltd. executives mapped out a road to recovery for the battered commodity trader as shareholders voted to approve the sale of a U.S. energy unit to raise funds, with Chairman Richard Elman describing the asset as one of the company’s crown jewels. Its shares rose.
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