MaritimeNews ® 09-Июл-2015 09:52

Brazilian competition authority Cade has given approval to Royal Dutch Shell to proceed with the planned USD 70 billion acquisition of BG Group.
Cade’s decision to grant Shell the approval for the buy without any restrictions was gazetted on Wednesday.
The authority decided that the transaction will not negatively affect competitiveness in Brazil’s oil and gas industry as the combined company will have a smaller share of the market compared to other industry players.
Cade’s approval will become official following a 15-day period granted for appeals.
Back in June, Shell received approval for the deal from US competition authorities.
Shell and BG Group agreed on a GBP 47 billion (USD 70 bn) cash and share offer to be made by Shell for the entire issued and to be issued share capital of the British oil and gas company back in April.
Shell expects the deal to accelerate its growth strategy in global LNG and deep water, as well as to add some 25% to its oil and gas reserves and 20% to production, each on a 2014 basis.
The Anglo-Dutch company also expects the tie-up to position the company better in new oil and gas projects, particularly in Australia LNG and Brazil deep water.
This combination will create the world’s largest LNG producer.
World Maritime News Staff
-Source: worldmaritimenews.com
Для отправки сообщений необходимo включить JavaScript

Похожие темы

China Merchants Posts Double-Digit Profit Jump
DSME Workers Strike Over Unpaid Wages
Breaking: CMA CGM Confirms Order for 22,000 TEU Giants
China Shipping Group Buys Back to Shield Subsidiaries
Fugitive Vinashin Executive Caught After 5 Years
Fleet Buildup Drives Bahri’s Q2 Profit Surge
BW Group Buys Epic Gas
Bondholders Okay HMM’s Debt-for-Equity Plan. Next Step The Alliance
Carnival Bolsters Fleet Capacity in China
Royal Bank of Scotland Planning to Sell USD 5 Billion Greek Shipping Loan Portfolio
  • Ответить

Текущее время: Сегодня 18:46

Часовой пояс: GMT + 3