NASBE’s Acquisition of MR Coal


Davis Polk advised Noble Group Limited on the sale of its wholly owned subsidiaries MR Coal Marketing & Trading, LLC to Blackjewel L.L.C. and Noble Americas South Bend Ethanol LLC to Mercuria Investments US, Inc.

The transactions closed on December 11, 2017, and December 12, 2017, respectively.

Noble Group manages a portfolio of global supply chains covering a range of industrial and energy products. MR Coal Marketing & Trading, LLC provides supply chain management and logistics services in coal markets in North America. Blackjewel is a leading low-cost Central Appalachian coal producer, with 28 mines, 5 wash plants and 7 loadout facilities on the CSX and NS railroads located throughout Kentucky, Virginia and West Virginia. Noble Americas South Bend Ethanol LLC operates an ethanol production plant in South Bend, Indiana, and also sells dried distillers’ grains and carbon dioxide. Mercuria trades physical oil, energy products and other commodities from business hubs in Geneva, London, Singapore, Shanghai and Houston.

The Davis Polk corporate team included partner H. Oliver Smith (Picture) and associates Darren M. Schweiger, Reid B. Fitzgerald and Michael Senders. Partner Meyer C. Dworkin and associates Michael Fan and Sijia Xiang provided credit advice. The tax team included partner Rachel D. Kleinberg. Associate Stephen J. Holler provided real estate advice.

Involved fees earner: Oliver Smith – Davis Polk & Wardwell; Darren Schweiger – Davis Polk & Wardwell; Reid Fitzgerald – Davis Polk & Wardwell; Michael Senders – Davis Polk & Wardwell; Meyer Dworkin – Davis Polk & Wardwell; Michael Fan – Davis Polk & Wardwell; Sijia Xiang – Davis Polk & Wardwell; Rachel Kleinberg – Davis Polk & Wardwell; Stephen Holler – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Noble Group Limited;

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Author: Ambrogio Visconti