PetroChina completes $1bn Ineos deal

PetroChina has completed its purchase of UK chemical group Ineos assets for $1 billion (£622m), the firm said in a filing to the Shanghai stock exchange.

PetroChina will acquire a 50 per cent stake in Ineos' INEOS.UL European refining business, including the plants at Grangemouth in Scotland and Lavera in France.

The transaction was completed on 1 July.