Noble group adviser says review of rescue plan to take weeks

SINGAPORE: Embattled commodity trader Noble Group Ltd appointed an independent financial adviser to assess whether its controversial debt for equity rescue plan is fair, complying with a request from the Singapore regulator issued two months ago after the deal ran into opposition.

Provenance Capital Pte will provide an opinion on whether the outcome of the proposed restructuring which will hand control to senior creditors and give existing shareholders and management smaller stakes is fair and reasonable,