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Wednesday, 22 August 2012

Noble eyes agricultural assets in US

[HONG KONG] Noble Group Ltd, Asia's biggest listed commodity supplier, will target agricultural assets in the United States as it seeks to meet demand from China and sees potential for deals across its units.

"It's hard to be the supplier and partner of choice for China in the grain space, and especially in the corn space, without having significant origination assets in the US," CEO Yusuf Alireza said yesterday. "Over the medium term, that's an investment we're looking to make."

Noble announced at least US$2 billion of deals in the past three years as it built its sugar operations in Brazil and energy assets in the US and Australia.

"We're seeing a consolidation process in the agriculture sector and that's going to arise very significant opportunities," Mr Alireza said. Noble is considering different options including acquisitions and potential partnership with US companies, he added.

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Createwealth8888:

Probably, there will be no more IPO of its Agricultural unit.
Posted by Createwealth8888 at 07:37
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