Singapore: Noble Group sells US oil unit to Vitol for $582m

Singapore: Noble Group sells US oil unit to Vitol for $582m

Noble Group Ltd. booklets sit on a table before a news conference during an investor day in Singapore, on Monday, Aug. 17, 2015. Photographer: Nicky Loh/Bloomberg

Embattled commodity trader Noble Group Ltd. announced the sale of its U.S. oil-liquids business to Vitol Group, and warned that it will probably post a net loss of more than $1 billion for the third quarter.

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