Vitol to Acquire Noble Resources Trading Limited

Vitol to Acquire Noble Resources Trading Limited

(IN BRIEF) Vitol B.V. has agreed to acquire Noble Resources Trading Limited for $0.63 per share on a debt-free, cash-free basis, pending customary conditions. Noble Resources is a prominent supply chain manager for energy products and industrial raw materials in Asia. Vitol Asia CEO Mike Muller looks forward to integrating Noble Resources’ experienced teams and growing the business together. The transaction is expected to close by the end of 2024.

(PRESS RELEASE) ROTTERDAM, 2-Aug-2024 — /EuropaWire/ — Vitol B.V., a Swiss-based Dutch multinational energy and commodity trading company, has announced an agreement to acquire Noble Resources Trading Limited for $0.63 per share on a debt-free, cash-free basis. The acquisition is subject to customary conditions precedent.

Noble Resources is recognized as one of Asia’s leading independent managers in the energy products and industrial raw materials supply chain sector.

Mike Muller, CEO of Vitol Asia, expressed enthusiasm about the acquisition, stating, “I am delighted at the prospect of the very experienced teams at Noble Resources joining Vitol and very much look forward to growing the business together.”

The transaction is anticipated to be finalized before the end of 2024.

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SOURCE: Vitol