This content is from: Corner Office

KIC Buys $104M Noble Group Stake

Korea Investment Corporation has bought more than a 1% stake in Singapore-listed commodities firm, Noble Group.

Korea Investment Corporation (KIC) has bought more than a 1% stake in Singapore-listed commodities firm, Noble Group, Reuters reports. The South Korean sovereign wealth fund acquired 59.3 million shares from holding company, Noble Holdings.

The stake bought by the Korean wealth fund is valued at around $104 million. Chinese sovereign wealth fund China Investment Corporation also holds about a 14% stake in Noble Group.

Click here for the story from Reuters.

Click here for additional coverage from Commodities Now Online.

Related Content