Shell goes ahead with £47bn takeover of UK gas producer BG

  • In one of the biggest such deals of the past two decades, Royal Dutch Shell is going ahead with a £47 billion takeover of British gas producer BG.

    Confirming the deal, BG said the cash-cum-shares agreement was worth £13.67 per share.

    Describing the two firms as a “great fit”, Shell chief executive Ben van Beurden said the deal “fits with our strategy”.  

    The BG group is valued at over £30 billion, but has a debt of about £8 billion.

    Tagged as: Royal Dutch Shell, Shell, billion, gas producer, BG Group, BG, Ben van Beurden, takeover agreement, business news