Friday 26th May 2017
Ineos buys Dong's £1bn oil and gas arm
Dong Energy has agreed to sell its oil and gas business to British petrochemicals group Ineos for £1bn, to focus on offshore wind.
Ineos, which is run by British billionaire Jim Ratcliffe, is set to pay around £800m up-front for the Danish utility's oil and gas unit, with two further potential payments depending on the completion of two assets. Around ...
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