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These hedge funds will control Noble Group after deal closes


SINGAPORE: Commodity trader Noble Group Ltd. has disclosed the identities of its new owners, detailing the hedge funds that’ll control most of the shares in the embattled company after its marathon $3.5 billion debt-for-equity restructuring is completed within the next two weeks.

The 10 members of the ad hoc group of creditors that’ve driven the complex deal are the Attestor Value Master Fund, BFAM Asian Opportunities Master Fund LP, Cowell & Lee Advisors Ltd., funds managed or advised by Davidson Kempner Capital Management LP, Governors Lane LP, Mercer Investments (Singapore) Pte Ltd., Owl Creek Investments I LLC, Taconic Capital Advisors UK LLP, Varde Partners Europe Ltd., and York Capital Global Advisors LLC.

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