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Noble sells energy unit to Calpine for US$1.05 bil

Michelle Zhu Published on Mon, Oct 10, 2016 / 7:38 AM GMT+8

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SINGAPORE (Oct 10): Asian commodities trader Noble Group on Monday announced the sale of US energy unit Noble Americas Energy Solutions (NAES) to Calpine Corporation for US$1.05 billion ($1.44 billion), comprising US$800 million plus a repayment of US$248 million worth of NAES working capital.

(See also: Noble Group CEO Alireza resigns; to sell Noble Americas Energy Solutions)

(See also: Noble Group hunts investor as profit seen up to two years away)