Vitol B.V. (Geneva, Switzerland) has agreed to acquire Singpore-based Noble Resources Trading Ltd. for an purchase price equivalent to $0.63 per share on a debt free/cash free basis subject to customary conditions precedent.
Noble Resources is one of Asia’s leading independent energy products and industrial raw materials supply chain managers.
Mike Muller, CEO Vitol Asia said: “I am delighted at the prospect of the very experienced teams at Noble Resources joining Vitol and very much look for forward to growing the business together.”
The transaction is expected to close before the end of 2024.