Noble Americas acquires remaining equity of Noble Mansfield Renewable Energy

October 4, 2016 |

In Singapore, Noble Group Limited announced that on September 30, 2016, its wholly- owned subsidiary, Noble Americas Corp. increased its equity interest in Noble Mansfield Renewable Energy, LLC from 50% to 100% by acquiring additional 50% equity interest of its total issued unit capital, for an aggregate consideration of approximately US$2.47 million. The Consideration was agreed on a willing-buyer, willing-seller basis, taking into account, inter alia, future business development of Noble Mansfield and was satisfied in cash and funded from internal resources.

Category: Fuels

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