22.06.2017 • NewsDede WillamsEUGas

EU Clears Ineos Takeover of Dong Assets

(c) https://twitter.com/ineos
(c) https://twitter.com/ineos

The European Commission has greenlighted the acquisition of Dong Energy’s oil and gas production by Switzerland-based Ineos. The more than $1 billion purchase includes ten gas and oilfields operated by the Danish company in Norway and the UK in addition to Denmark-The combined output capability totals 100,000 bbl/d.

In the EU regulatory authority’s view, the proposed transaction raises no competition concerns as the companies' activities overlap to only a limited extent and a number of alternative suppliers would remain in the market after the merger.

Ineos said earlier it expects to complete the transaction in the third quarter.

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28.07.2025 • NewsChemistry

VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.