15 February 2017, 2:49 p.m. EET
Yaacov Benmeleh- Noble seeking to spin off stake into SPC, pay dividend
- Sale talks value Tamar gas field up to 20% more than last year
The company and its advisers -- which include another unidentified bank -- are approaching institutional investors for the sale, which may be worth between $1 billion and $1.1 billion, the people said, asking not to be identified as the talks aren’t public.
Noble is seeking to convert the stake into a special-purpose company and raise debt totaling about 50 percent to 60 percent of its value, one of the people said. This would be paid to shareholders as a dividend, the person said.
