Following the recent announcement that BG Group shareholders had voted in favour of the recommended merger between Shell and BG, Shell has welcomed the news.
Ben van Beurden, the CEO of Shell, said: “I am very pleased that BG shareholders have voted in favour of the combination and look forward to welcoming them onto our register when the transaction closes. BG adds attractive deep water and integrated gas positions and will act as a catalyst for accelerating the re-shaping of our business. We now look forward to delivering the benefits of the combination as quickly as possible following completion.”
The transaction is expected to go through on 15 February 2016, subject to either the waiver or satisfaction of particular conditions. For instance, in a statement, Shell referenced: “the sanction of the scheme of arrangement to implement the combination by the High Court of Justice.
Edited from press release by David Rowlands