Australia: Shell OK to go with $70 billion after BG GroupStaff writer ▼ | November 20, 2015
Royal Dutch Shell plc said its recommended combination with BG Group plc has received unconditional merger clearance from the Australian Competition and Consumer Commission (ACCC).
Acquisition Shell will pay a mix of cash and shares
Shell said the deal would boost its proven oil and gas reserves by 25 percent. The firm also plans to increase asset sales to $30 billion between 2016-2018 on the back of the deal.
Shell already got clearances from the U.S., Europe, and Brazil. ■