Noble Group looks at strategic options including sale of assets [CORRECTED]

Noble Group is looking at a range of strategic options including a sale of core assets and forming partnerships, ceo Yusuf Alireza said on Monday August 17.

“We are working with banks to increase our facilities, whether we are looking at growing our options with strategic [investors],” he told attendees at the company’s investor day.
“There are a lot of firms that are looking at Noble that understand the quality of the business and the quality of the management and see the value there and want to partner with us,” he said.
“It’s our responsibility to look at all those options including selling businesses that in normal times [would] be considered core businesses,” he said.
The company made a 140-page presentation, involving a dozen speakers. This was followed by an intense question and answer session with shareholders, which went on for about four and a half hours.

The event was held to discuss the company’s business with transparency and to answer questions from investors and the...


Shivani Singh

August 18, 2015

05:38 GMT