Offshore

Noble Group restructuring gets green light in Bermuda court

The struggling commodity trader looks set complete its large-scale restructuring agreement as a Bermuda court has approved a liquidator to carry out the plan.
Photo: Bloomberg
Photo: Bloomberg
BY JOSH SAUL, BLOOMBERG

Embattled commodity trader Noble Group Ltd. is on track to complete its mammoth restructuring deal after a Bermuda court approved an officer to carry out the plan, using a local kind of insolvency process.

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