10th Sep 2015 05:51
LONDON (Alliance News) - Royal Dutch Shell PLC Chief Executive Ben van Beurden has private told investors that only "something cataclysmic" would derail the company's takeover of rival BG Group PLC, The Wall Street Journal reported.
Van Beurden, speaking at a lunch hosted by Shell last week for a small group of investors, was asked at the event what "cataclysmic" event would have to happen to hit the deal, to which van Beurden said: "If people stopped using energy."
The chief executive was seeking to calm investor concerns about the mega-merger, which have been increased due to stubbornly low oil prices and worries about the deal securing regulatory approvals.
http://www.wsj.com/articles/shell-ceo-says-only-something-cataclysmic-could-stop-bg-merger-1441816751
By Sam Unsted; [email protected]; @SamUAtAlliance
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