25
Jun
10:06
Noble Group pushes restructuring, secures financing
Struggling trading house Noble Group is making progress on its restructuring plans after winning over a dissenting investor last week. It has now secured additional trade financing which could help it boost trade flows, Kallanish notes.
The first breakthrough was the agreement with Goldilocks Investment, which owns 8.1% of the group. The agreement revised the restructuring agreement to give existing shareholders 20% of the restructured firm, instead of…
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Anonymous
Very good overview of the weekly steel market.
Anonymous