Vitol US Holding Co. (“Vitol”) has agreed to acquire Noble Americas Corporation (“Noble Americas”) subject to certain conditions precedent.
A copy of the Noble Group Limited press release relating to the transaction can be found here.
Andrews Kurth Kenyon LLP acted as legal advisor to Vitol. Vitol also received legal advice from Skadden, Arps, Slate, Meagher & Flom LLP and Vinson & Elkins LLP.
Vitol is an energy and commodities company; its primary business is the trading and distribution of energy products globally – it trades over seven million barrels per day of crude oil and products and, at any time, has 250 ships transporting its cargoes.
Vitol's clients include national oil companies, multinationals, leading industrial and chemical companies and the world's largest airlines. Founded in Rotterdam in 1966, today Vitol serves clients from some 40 offices worldwide and is invested in energy assets globally including: circa 18mm3 of storage across six continents, 480kbpd of refining capacity and 5,000 service stations across Africa, Australia, Eurasia and in Northwest Europe. Revenues in 2016 were $152 billion.
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