The deal marks a breakthrough after months of increasingly bitter public sparring between Noble Group and Goldilocks, and it paves the way for a restructuring that’ll see control handed to senior creditors. Goldilocks has given its irrevocable support to the revised agreement, which already has the backing of founder Richard Elman. Noble and Goldilocks will form a partnership to explore opportunities in the Middle East, according to the statement.
To continue reading,
Sign in to access this Premium article.
Subscription entitlements:
Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories
- Singapore wraps up Noble probe with $12.6 million civil penalty
- Don't forget the NOW sector
- Singapore's probe into Noble Group to conclude in 3Q, says MAS