Noble Group sells India stake
With this deal, Noble has exited India's vegetable oils and oilseeds sector for now.
By ET Bureau |
NEW DELHI: Hong Kong's Noble Group, Asia's largest diversified commodities trading company, has sold its majority stake in Noble Grains India, a joint venture with the Mansingka family, to Thailand's GP Group, which has interests in shipping, trading and hsopitality, owned by millionaire Kirit Shah.
With this deal, Noble Group has exited India's vegetable oils and oilseeds sector for now.
India has the world's third largest edible oils sector.
With this deal, Noble Group has exited India's vegetable oils and oilseeds sector for now.
India has the world's third largest edible oils sector.
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