13
Apr
11:22
Creditor agreement fails to alleviate Noble Group turmoil
Trading house Noble Group says it has secured creditor support for its restructuring plans despite opposition from some shareholders. The restructuring would cut debt and aim to keep the company going as a viable concern, but current major shareholders would lose control of the company, Kallanish notes.
Noble says more than 75% of senior creditors have now signed its restructuring support agreement. Creditors would effectively take control of the compa…
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Anonymous
Very good overview of the weekly steel market.
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