Shell-BG merger receives clearance in China

Shell-BG merger receives clearance in China

The Chinese ministry of commerce on Monday granted unconditional approval of the $70 billion Shell-BG Group combination. 

Both companies said the approval is the final regulatory clearance necessary for the merger, proposed in April, to go ahead.

The combination had previously received approvals in Europe, USA, Brazil and most recently Australia.

Shell’s CEO Ben van Beurden said in a statement that the deal, which would create one of the world’s largest LNG players, moves into the next phase which is seeking approval from both sets of shareholders.

He added that the deal is still expected to be completed in early 2016.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 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

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >