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Ineos said to have made takeover bid for ConocoPhillips UK arm

stander
stander
in Oil, Gas and Energy News

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Ineos boss Jim Ratcliffe is reported to have made a takeover approach to ConocoPhillips for its North Sea assets which was rejected by the company.


According to reports in the Sunday Times, the $2billion plus offer was turned down amid a boardroom shake-up.


ConocoPhillips has been operating in Britain for more than 50 years and employs around 900 people.


https://www.energyvoice.com/oilandgas/north-sea/112008/ineos-said-made-takeover-bid-conocophillips-uk-arm/


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