Noble confirms Abu Dhabi’s Goldilocks raised stake to 8.19%

SINGAPORE (July 11): Commodity trader Noble Group announced on Monday that Abu Dhabi's Goldilocks Investment Company has raised its stake in the firm, confirming market talk.

In a Monday night filing on the Singapore Exchange, Noble said Goldilocks' direct interest in the group has risen from 5.03% to 8.19%, after it purchased 41.6 million shares through an open market transaction for $23.2 million on July 6.

Shares of Noble had surged on July 6 to its highest close since May amid speculation that large investors may be building stakes.

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