Vitol to acquire Noble Resources Trading for $208.9mn

Commodity trading company Vitol has agreed to acquire Singapore-based Noble Resources Trading for a purchase price equivalent to $0.63/share, totalling $208.9mn, Noble announced on August 2.

Noble Resources is one of Asia’s leading independent energy products and industrial raw materials supply chain managers, operating in the supply chain of energy coal, oil products, and metallurgical coke, supported by its freight and logistics operations. The transaction is expected to close before the end of 2024.

In April, Vitol completed its acquisition of US-based renewable energy company BioMethane Partners to establish Vitol BioMethane (VBM). Based in Texas, VBM specialises in landfill-gas-to-energy solutions and currently operates four renewable natural gas (RNG) sites across Alabama, Louisiana, and Texas. Additionally, the company is engaged in developing multiple other sites across the US.