Noble: Appoints non-exec director Mr Li Rongrong who was prev China’s chairman of state-owned asset supervisory board. This follows China Invt Corp (CIC), China’s SWF investment into Noble and is positive on Noble’s ties to China. Goldman notes that Noble soared 8% in Sep 2009 when it was announced CIC took a stake in co…
In separate news, the Argentina govt has raided several cereal producers and exporters which include Noble, Cargill and Bunge in a tax probe. The purported unpaid taxes are approx $73m, a relatively small sum, for all the companies. Note that Argentina also recently accused Bunge of unpaid taxes of $252m which may indicate rising country risk
No comments:
Post a Comment