BG Group Votes in Favor of Merger with Shell
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Royal Dutch Shell plc has reported the positive result of the BG Group plc shareholder meetings, resulting in votes in favor of the recommended combination between Shell and BG.
The transaction is expected to complete on February 15, 2016, subject to the satisfaction or waiver of certain customary conditions, including the sanction of the scheme of arrangement to implement the combination by the High Court of Justice.
“I am very pleased that BG shareholders have voted in favor 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 delivering the benefits of the combination as quickly as possible following completion,” said Ben van Beurden, CEO of Shell.
About Royal Dutch Shell
Royal Dutch Shell is a global group of energy and petrochemical companies with around 94,000 employees in more than 70 countries and territories. They use advanced technologies and take an innovative approach to help build a sustainable energy future.
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