Offshore

Dong sells oil and gas business to Switzerland's Ineos

After protracted negotiations, it is now clear that Swiss company Ineos will buy Danish Dong's oil and gas business.
Photo: DONG
Photo: DONG
BY SØREN SPRINGBORG, ENERGYWATCH

440 Dong employees will be working under new management in a deal which could be worth upwards of DKK 8.7 billion (USD 1.3 billion) for the Danish energy giant. Wednesday morning, Dong announced that the company has entered a deal with Swiss chemical giant Ineos concerning the sale of its oil and gas activities.

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