Noble Group completes disposal of US energy unit

The company logo of Noble Group is seen at its headquarters in Hong Kong, on March 23, 2015.
The company logo of Noble Group is seen at its headquarters in Hong Kong, on March 23, 2015. PHOTO: REUTERS

SINGAPORE - Noble Group announced that it has completed the disposal of Noble Americas Energy Solutions to Calpine Energy Services Holdco II on Dec 1 for about US$1.16 billion.

The commodity trader has been divesting assets and cutting costs to bolster its balance sheet after the company was roiled by a share price collapse, a full-year loss and a ratings downgrade.

Noble Group had announced the potential sale in October, a company released said.