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
S&P Global Commodity Insights: Changing restrictions on Russian gas to Europe would disproportionately impact US LNG exports
Future course of sanctions and flow of Russian gas to Europe could impact up to US$120 billion of investment and 29 million tpy for future US LNG projects, says a new S&P Global Commodity Insights study.