Anglo-Swiss chemicals firm hails £1bn acquisition as ‘very logical’ as Danish firm makes progress in switch to renewables
Anglo-Swiss chemicals firm Ineos has bought the oil and gas business of Dong Energy for £1bn, a major milestone in the Danish company’s switch from hydrocarbons to renewable energy.
The acquisition is the latest in a buying spree by Ineos, which recently bought a significant North Sea oil pipeline for £200m from BP, and takes it from 28th biggest oil and gas producer in the region to the top 10.
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Source: Guardian Climate Change