Noble to divest Americas energy solutions unit in 2H

It appointed Morgan Stanley and HSBC to advise on the divestment.

The utilities firm has initiated the sales process to dispose of its entire 100% interest in Noble Americas Energy Solutions (NAES).

According to a press release by Noble, NAES, based in San Diego, is a market leading commercial and industrial electricity retail provider in the United States with a strong management team.

“Noble has appointed Morgan Stanley and HSBC to advise on the disposal. Target completion is in 2H 2016,” the press release said.

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