Shell-BG merger receives backing from Norwegian fund
Published by Callum O'Reilly,
Senior Editor
LNG Industry,
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/liquid-natural-gas/22012016/shell-bg-merger-receives-backing-from-norwegian-fund-1910/
You might also like
Excelerate Energy launches FSRU in South Korea
Excelerate Energy has announced the on-schedule launching of its newbuild FSRU from the HD Hyundai Heavy Industries shipyard in South Korea.