BG shareholders give green light to merge with Shell

Shareholders of BG Group have given permission for the company to merge with Shell. Around 87% voted in favour of the deal while 12% said no to the transaction. The […]

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By Jacqueline Echevarria

Shareholders of BG Group have given permission for the company to merge with Shell.

Around 87% voted in favour of the deal while 12% said no to the transaction.

The decision follows the approval by 83% of Shell’s investors earlier this week.

The takeover could be completed on the 15th of February when is expected to get approval by the High Court of Justice.

The £47 billion merger was previously approved by China, Brazil, EU, the US andAustralia.

Ben van Beurden, CEO of Shell said: “I am very pleased that BG shareholders have voted in favour of the combination and look forward to welcoming them onto our register when the transaction closes. BG adds attractive deep water and integrated gas positions and will act as a catalyst for accelerating the re-shaping of our business. We now look forward to delivering the benefits of the combination as quickly as possible following completion.”