atans1

Arabs making Noble a Noble Hse again?

In Commodities on 11/07/2017 at 7:05 am

Finally some good news for the shareholders of a once Noble House.

Noble Group said on Monday that Abu Dhabi’s Goldilocks Investment Company has raised its stake in the firm. Goldilocks’ direct interest in the group has risen from 5.03% to 8.19% after it purchased 41.6 million shares through a market transaction for S$23.2 million on July 6.

Goldilocks is a fund managed by ADCM Altus Investment Management, an indirect subsidiary of Abu Dhabi Financial Group. It now holds 107.6 million shares in Noble.

Noble has been looking for a strategic investor with cash to burn. Could Goldilocks make Noble great again ie a Noble House?

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