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Davis Polk Advises Noble on Its $1.4 Billion Sale of Noble Americas Corp. to Vitol US Holding Co.
10/23/2017

Davis Polk is advising Noble Group Limited on the sale of its wholly owned subsidiary Noble Americas Corp. to Vitol US Holding Co., an affiliate of the Vitol Group, for approximately $1.4 billion. Noble’s global oil liquids business is primarily operated by Noble Americas Corp. The transaction is subject to approval by Noble shareholders and other customary closing conditions.

Noble Group manages a portfolio of global supply chains covering a range of industrial and energy products. Noble Americas Corp. trades and provides supply chain management services in oil liquids in North America. Vitol is the largest independent energy trader in the world, specializing in physical trading, logistics and distribution and complemented by refining, shipping, terminals, exploration and production, power generation, mining and retail businesses.

The Davis Polk corporate team includes partner H. Oliver Smith and associates Darren M. Schweiger, Thomas D. Malinowsky and Michael Senders. Partner Meyer C. Dworkin and associate Michael Fan are providing credit advice. Partner Rachel D. Kleinberg is providing tax advice. Partner Jean M. McLoughlin and associate Timothy John Durbin are executive compensation advice. Counsel Mary K. Marks is providing antitrust and competition advice. Members of the Davis Polk team are based in the New York and Northern California offices.