Further to the announcement of 2nd August 2024, Vitol B.V. has now completed the acquisition of Noble Resources Trading Limited.
The August announcement stated that Vitol had agreed to acquire Noble Resources Trading Limited for an purchase price equivalent to $0.63 per share on a debt free / cash free basis subject to customary conditions precedent.
Noble Resources is one of Asia’s leading independent energy products and industrial raw materials supply chain managers.
At the time, Mike Muller, CEO Vitol Asia said: “I am delighted at the prospect of the very experienced teams at Noble Resources joining Vitol and very much look for forward to growing the business together.”
Noble Resources’ website is now stating, “Noble Resources is now proudly part of Vitol.
Noble Resources and its subsidiaries form one of Asia’s leading independent energy products and steel-making raw materials supply chain managers and commodity traders.
Through our existing Asian regional presence and strategic global relationships, we source, market, process, supply, finance, and transport these essential raw materials across Asia. We also provide offtake and risk management services to our clients.
We aim to deliver value to our stakeholders through sustainable, focused franchises built on long-term supplier and customer relationships. Our reliability, efficiency and expertise ensure that we deliver to the required specifications and on time.”
Source: ibj-online.com