Noble: Korea's sovereign wealth fund, Korea Invt Corp has acquired 59.3m shares of Noble Group from a co associated with Noble founder and Chairman Richard Elman. No price was mentioned. The shares acquired are approx 0.9% of share capital…
ben_oh: …News is likely to be read positively both on strategic front and show of interest despite Glencore’s upcoming IPO. RBS maintains Buy with TP$3.00 on news with possibility of investment in supply chain infrastructure in Korea or other countries. Co trades at fwd P/E of 15.3x.
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