Shell goes ahead with £47bn takeover of UK gas producer BG
April 8 , 2015
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.