21st Dec 2015 07:46
LONDON (Alliance News) - Royal Dutch Shell PLC and BG Group PLC Monday said they plan to hold their all-important general meetings in January, when shareholders will be asked to vote on the proposed mega-merger between the two oil and gas companies.
The shareholder meetings are the last hurdle for the pair after being given the green light from government authorities around the world to complete the biggest UK-to-UK merger of all time, worth around GBP47.00 billion.
Shell plans to hold its meeting on January 27, with BG Group holding its own meeting the following day, as the pair aim to complete the deal before the end of the first quarter of 2016. Earlier this month, UBS analyst Jon Rigby said the pair could finalise the deal as early as February.
Documentation has been sent to the High Court that will need to be approved before the meetings can be held.
By Joshua Warner; [email protected]; @JoshAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
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