Oil Trading Giant Vitol to Buy Asian Trader Noble Resources ...Middle East

OILPRICE - Economy
Oil Trading Giant Vitol to Buy Asian Trader Noble Resources
source : OILPRICE ( Middle East ) () 53
Vitol has agreed to buy Asian energy products and industrial raw materials trader Noble Resources Trading Limited for $209 million, the world’s largest independent oil trader said on Friday. Vitol will acquire Noble Resources at a purchase price equivalent to $0.63 per share on a debt-free / cash-free basis, which works out to around $208.9 million, the Singapore-listed company said. The transaction, which is subject to customary conditions precedent, is expected to close before the end of 2024. Noble Resources is one of Asia’s leading…

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