Oct 10 Struggling Noble Group said on
Monday it will sell its North America energy unit Noble Americas
Energy Solutions to Calpine Corp.
The consideration for the divestiture consists of $800
million plus the repayment to Noble of Noble Americas Energy
Solutions (NAES) working capital at closing.
The Singapore-listed company said its North America energy
unit will continue to accrue to Noble up until closing of the
"The sale of NAES substantially completes the $2 billion
capital raising initiative that we announced in June", said
Noble's Co-CEOs, Jeff Frase and Will Randall.
It is expected that the transaction will close in December
(Reporting By Shashwat Pradhan in Bengaluru; Editing by