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Shell-BG deal wins EU antitrust clearance

Sep. 02, 2015 9:04 AM ETShell plc (SHEL) StockSHEL, BRGYY, BRGXFBy: Carl Surran, SA News Editor3 Comments
  • Royal Dutch Shell's (RDS.A, RDS.B) proposed merger with BG Group (OTCQX:BRGXF, OTCQX:BRGYY) has received unconditional clearance from the European Commission.
  • The European Union’s top antitrust regulator concluded after a brief investigation that the deal would not allow Shell to influence prices for oil and natural gas, and that the markets would remain competitive after the transaction.
  • U.S. and Brazil antitrust authorities approved the deal in June; the deal still needs approval by China and Australia.

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