Advisers Play Key Deal Role

Summary


THE Newcastle office of accountants and business advisers PricewaterhouseCoopers has played a key role in a high-profile deal between Petrochina and Ineos.

The Chinese state-owned oil company acquired an interest in the Ineos oil refineries at Grangemouth in Scotland and Lavera in France, and the signing of the deal was witnessed by UK Deputy Prime Minister Nick Clegg and Li Ke Qiang, the Chinese Vice-Premier. Ineos, the fourth largest chemical company in the world, was advised by a tax team from the Newcastle office of PwC consisting of Peter Coward, tax partner, Brian O'Neill and Claire Coapes.

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Advisers Play Key Deal Role

The transaction saw the PwC team adv...

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