NE Scotland, Orkney & Shetland

Wife's divorce payout from millionaire reaches £8m

The wife of an Aberdeenshire man who made his fortune in the oil and gas industry is to receive an £8m divorce settlement.

Victoria Jones, 44, argued the previous £5.4m payout from Gareth Jones, 58, of Ellon, was "far too low".

Mr Jones had claimed the settlement was fair following a 10-year marriage.

But judges at the Court of Appeal found that the value of the assets generated during the marriage was £16m and his ex-wife should have half.

Mrs Jones, who lives in Gerrards Cross, Buckinghamshire, said she received 20% of the £25m marriage assets from her former husband and wanted £10m.

The court heard Mr Jones was the sole owner of Dominion Technology Gases which he sold for £32m during the divorce settlement hearing in May 2007.

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