Noble Group jettisons crown jewel in quest to raise funds

Noble Group jettisons crown jewel in quest to raise funds

Richard Elman. Photographer: Jerome Favre/Bloomberg

Noble Group Ltd. executives mapped out a road to recovery for the battered commodity trader as shareholders voted to approve the sale of a U.S. energy unit to raise funds, with Chairman Richard Elman describing the asset as one of the company’s crown jewels.

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