Saturday 21 July 2018

£55bn Shell merger expected to go ahead

Regulators are expected to approve Shell's £55bn mega takeover of BG
Regulators are expected to approve Shell's £55bn mega takeover of BG

Chinese and Australian regulators are expected to give their blessing to Shell's £55bn mega takeover of BG before Christmas, leaving the future of the deal resting squarely in shareholders' hands.

The tie-up, which will create Britain's biggest public company, has been under mounting scrutiny in recent weeks as regulators question whether Shell can justify pushing ahead, with oil prices remaining so suppressed.

However, the Sunday Telegraph reports Shell is expected to assuage key concerns and cement the deal.

Irish Independent

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