EuropeGasOffshore

Shell shareholders give a resounding thumbs up to BG takeover

Photo of Sam Chambers Sam ChambersJanuary 28, 2016
1 Less than a minute

Royal Dutch Shell yesterday won shareholder approval to buy BG Group.

More than 83 percent of Shell shareholders voted in favor of the transaction, the company said in a statement.

Ben Van Beurden, Shell’s ceo, said there was “strategic logic” in the merger, which will make Shell the world’s largest LNG trader.

BG investors will vote today on the deal and then the pair will wait court approval before sealing the deal in mid-February.

Tags
Photo of Sam Chambers Sam ChambersJanuary 28, 2016
1 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button