Shell-BG Merger Likely to Get Clearances

Shell-BG Merger Likely to Get Clearances

Shell’s gigantic takeover of BG worth £55b, planned before the end of 2015, is likely to secure clearances from the remaining Chinese and Australian regulators, Forbes  reported.

The merger will create UK’s largest public company envisioned to leapfrog its US top competitor ExxonMobil in the liquefied natural gas production in the world.

The review process is coming to an end as China’s Mofcom regulator has stricken a remedy deal with Shell that will become the biggest supplier of LNG to China, and the Australian regulator rejected concerns of local gas users as unsubstantiated, wrote Telegraph.

Shell had previously received clearances at an exceptionally fast pace from the US, European Commission and Brazil’s beefed up CADE regulator.

Login

Welcome! Login in to your account

Remember me Lost your password?

Lost Password