Chelsea sale: Sir Jim Ratcliffe bid ‘rejected out of hand’ by Roman Abramovich’s bankers Sir snubbed Sir Jim Ratcliffe’s bid for Chelsea has been “rejected out of hand”, according to senior figures at his business the Ineos Group. The British petrochemicals billionaire made an 11th-hour offer for the Premier League club last week which comprised £2.5bn plus a commitment to invest a further £1.75bn. But Ratcliffe has indicated that he is [...]
Ineos strikes deal with New Zealand Rugby to add All Blacks to sporting stable that includes Formula 1, cycling and football teams Ineos expands sporting stable with All Blacks deal New Zealand Rugby has announced Ineos is to become its official performance partner in a six-year deal beginning in 2022. The deal sees New Zealand Rugby’s national teams, including the All Blacks and the Black Ferns, join the growing Ineos sporting stable, which is owned by British billionaire Sir Jim Ratcliffe. They will join Mercedes-AMG [...]
Ineos snaps up Danish oil and gas fields for $150m Ineos snaps up Danish oil and gas fields for $150m Ineos today said that its energy subsidiary had snapped up Danish firm Hess’ oil and gas assets for $150m (£107m). The deal will see the conglomerate take control of the remaining 61.5 per cent stake in the Syne Ard oil field, as well as 4.8 per cent stake in the Solsort field. It is the [...]
Sir Jim Ratcliffe’s Ineos confirms new 4×4 will be built in France December 8, 2020 Sir Jim Ratcliffe’s Ineos today confirmed that it would build its new 4×4 car in France, putting an end to hopes that it would do so in Wales. Back in August it was revealed that the petrochemicals company was in talks to buy a factory at Hambach from Mercedes-Benz. The Hambach site currently manufactures smart [...]
Ineos inks deal with Hyundai for hydrogen-powered Grenadier 4×4 November 23, 2020 Sir Jim Ratcliffe’s Ineos will work with South Korean auto giant Hyundai to assess whether its new Grenadier car can be powered by hydrogen fuel cell. The assessment is part of a new deal between the two firms to explore new hydrogen power technologies across a number of sectors. The Grenadier, which is set for [...]
Sir Jim Ratcliffe’s Ineos to build new 4×4 in France August 26, 2020 UK car manufacturing suffered another blow today after it emerged that Sir Jim Ratcliffe’s Ineos had made an official offer to buy a factory in France to build its new 4×4. The billionaire was understood to have been in talks with the Welsh government to build a new factory in Bridgend for the car, a [...]
Coronavirus: Chemicals giant Ineos to build hand sanitiser factory in 10 days March 24, 2020 Chemicals giant Ineos will build a hand sanitiser factory in 10 days that will produce 1m bottles a month as more UK firms join efforts to curb the spread of coronavirus. Ineos, which is owned by the UK’s third richest man Sir Jim Ratcliffe, is already Europe’s largest producer of the two chemicals needed to [...]
Sir Jim Ratcliffe hit with legal claims over North Sea pipeline January 12, 2020 Britain’s third richest man Sir Jim Ratcliffe is facing claims that he is looking to raise costs for a rival to use the main North Sea oil pipeline. American oil firm Apache has said that Ineos, which Ratcliffe owns, wants to double the price of using the Forties pipeline which it bought from BP in [...]
Jim Ratcliffe wins Jaguar Land Rover challenge over Defender shape November 17, 2019 Jaguar Land Rover’s (JLR) efforts to thwart billionaire businessman Sir Jim Ratcliffe’s plans to model the shape of his new 4×4 on JLR’s Defender have failed. The Sunday Times today reported that Ratcliffe, the founder of Ineos, had won his challenge to JLR’s attempt to trademark the Defender’s shape. Read more: Ineos’ Teeside chemicals factory [...]
Teesside torment: Sir Jim Ratcliffe’s Ineos consults on closing factory, putting 224 jobs at risk October 3, 2019 Workers at an Ineos factory in Teesside were left fearing for their jobs this morning, after the chemicals giant said it was consulting on shutting it down. The future of the plant at Seal Sands, which employs more than 220 people, hangs in the balance after “decades of under investment”. Read more: Ineos plans $800m [...]