Norges Bank Investment Management has issued a short statement confirming that it will vote in favour of proposed merger between Shell and BG Group.
Norges Bank Investment Management said that it believes that the transaction accelerates value for BG Group PLC shareholders and is in the best long-term interest of Royal Dutch Shell PLC shareholders.
The fund is Shell’s fifth biggest investor and the second biggest investor in BG Group.
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquefaction/22012016/shell-bg-merger-receives-backing-from-norwegian-fund-1910/