Shell’s $70 billion purchase of BG

Shell’s $70 billion purchase of BG

Brazil has given the green light to Royal Dutch Shell to buy BG, advancing the $70 billion merger closer to completion in early 2016 according to reports by Reuters.

BG had previously obtained the ok from United States Federal Trade Commission (FTC) and now only needs pre-conditional approvals from the European Union, Australia and China for the merger to go ahead. ‘The filing process for each of these is under way, and the transaction is on track to complete in early 2016,’ it said.

Source: media

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