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CIC makes $US850M deal for Noble stake

COMMODITIES trader and coal player Noble Group plans to offload nearly 13% of the company through a $US850 million ($A976 million) share placement to China Investment Corporation.

Blair Price
CIC makes $US850M deal for Noble stake

CIC agreed to pick up 573 million of Singapore-listed Noble's shares, with 135 million coming from trusts associated with Noble founder and chief executive officer Richard Elman, while the rest will be...

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