Noble said on Tuesday that, under the agreement, it will divest a stake to a partnership between Harel Group – an insurance provider and pension manager in Israel - and private equity fund Israel Infrastructure Fund (IIF).
The sale value is $369 million, based on a gross pre-tax Tamar valuation of approximately $12 billion, Noble said. Under the deal, Harel and IIF have the option to purchase an additional 1% interest from Noble at the same valuation, the company said.
“This
