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Noble Group said to work on pre-agreed insolvency process

The embattled Singapore-based commodity trader is allegedly preparing for an insolvency filing after regulators blocked a key element of its USD 3.5 billion debt, sources say.
Photo: Bloomberg
Photo: Bloomberg
BY JACK FARCHY, JAVIER BLAS AND LUCA CASIRAGHI, BLOOMBERG

Noble Group Ltd. is preparing for an insolvency filing after Singaporean regulators blocked a key element of its USD 3.5 billion debt restructuring, according to people familiar with the matter.

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