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Ex-Noble trader Banga plans commodities splash with Caravel

Posted on 31 October 2013

Harindarpal “Harry” Banga, a billionaire businessman who carved out a 20-year career at commodities trader Noble, plans a return to the industry in a new trading firm with his two sons.
The 63-year-old former sea captain has amassed a $1 billion (623 million pounds) war chest to splurge on the newly formed Caravel Group while luring 10 to 20 former Noble Group Ltd (NOBG.SI) colleagues to join the venture, sources said. They include former Noble staff in Hong Kong and at its iron ore business in Beijing……………………………….Full Article: Source


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