Deals
Noble Group Jumps as Trader Confirms Strategic Stake Talks
- China’s state-owned Sinochem said to be in frame for stake
- Noble Chairman Elman had flagged firm was seeking investor
Sinochem Said in Noble Stake Talks
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Noble Group Ltd. surged the most in over a year after it said it’s in discussions with a strategic investor, which people familiar with the talks identified as China’s Sinochem Group.
Noble rose as much as 17 percent in Singapore, its biggest gain since October 2015. The company is discussing a strategic investment, according to a statement Tuesday that didn’t refer to Sinochem.