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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Market

Noble tipped to make takeover bid for Macarthur

Posted on 23 December 2009

From Smh.com.au: Noble Group, the commodity supplier backed by China’s $US300 billion ($343 billion) sovereign wealth fund, may bid for Macarthur Coal after agreeing to a deal that will make it the largest shareholder, Macquarie Group says.

Hong Kong-based Noble yesterday agreed to acquire a 23 per cent stake in Macarthur, the world’s biggest exporter of pulverised coal, through the takeover of its 88 per cent-owned Gloucester Coal………………………………….Full Article: Source

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