Shell-BG deal secures final nod from Brazil

LNG player BG said that the $70 billion takeover offer for the company to be made by Royal Dutch Shell has received unconditional merger clearance from the Brazilian competition authority (CADE).

The unconditional clearance follows CADE’s initial approval of the combination on 8 July, and the expiry of the 15 day period during which CADE’s decision could be appealed.

The approval is the second of the five regulatory clearances that are pre-conditions to the combination. The combination has recently cleared its first hurdle by obtaining a green light from the United States Federal Trade Commission (FTC).

Other pre-conditional approvals are required from Australia, China and the European Union.

The proposed deal, which would create one of the largest LNG players the world has ever seen, is on track to complete in early 2016.

 

LNG World News Staff; Image: BG

 

 

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >