HONG KONG — Noble Group Limited announced on Dec. 15 that it is aware of media reports that there will be a sale of the company’s 49% holding in Noble Agri Limited.
The company confirmed that it is in advanced discussions with potential purchasers on both this sale and other strategic transactions, but no definitive or legally binding documents have yet been signed and there can be no assurance that the sale or any other transaction will proceed, Noble Group Limited said. The company said it will update the market if and when it is appropriate to do so.
Noble Agri is a joint venture between Noble Group and a consortium consisting of COFCO Corp., HOPU Investment and other international financial investors.
Noble Agri engages in agricultural trading and processing businesses which it originates from low-cost producing regions such as South America, South Africa, East Europe, India, and Australia, to supply regions with high demand, such as Asia and the Middle East. The company owns and operates logistics and processing assets in strategic locations within key global trade flows. In 2013, the agricultural business carried 46 million tonnes of product globally.