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Royal Dutch Shell, BG Group deal receives EU clearance

Staff writer |
Royal Dutch Shell said its recommended combination with British oil and gas company BG Group plc has received unconditional merger clearance from the European Commission.

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Together with the previously announced pre-conditional clearance in Brazil, two of the five pre-conditions to the combination have now been satisfied. The transaction is on track for completion in early 2016.

The pre-conditions and conditions to the combination are set out in the April 8 deal announcement.

Royal Dutch Shell agreed in early April to acquire BG Group in a cash and stock deal valued at about 47 billion pounds or $69.78 billion.

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