2nd Sep 2015 11:57
LONDON (Alliance News) - BG Group PLC on Wednesday said the European Commission has given its unconditional approval for the company's takeover by oil major Royal Dutch Shell PLC.
Shell agreed a GBP47.0 billion deal to acquire BG back in April, and the deal has already secured approval from Brazilian competition authorities. It still has to get approvals from Australia and China for the deal.
Royal Dutch Shell 'A' shares were down 1.3% to 1,617.00 pence on Wednesday, while Shell 'B' shares were down 1.3% to 1,625.00 pence. BG Group shares were down 0.2% to 963.7 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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