Shell launches agreed £47bn bid for UK gas producer BG Group
Guardian article by Julia Finch published 7 April 2015
Shell launches agreed £47bn bid for UK gas producer BG Group
Oil giant Royal Dutch Shell has agreed a £47bn takeover of gas group BG in one of the biggest deals seen in the oil and gas sector in the last 20 years.
BG confirmed on Wednesday that it was offering a cash and shares deal worth £13.67 a share – a 50% premium on BG’s market value on Tuesday night, when news of the deal first leaked.
Ben van Beurden, chief executive of Shell, said: “Bold, strategic moves shape our industry. BG and Shell are a great fit. This transaction fits with our strategy and our read on the industry landscape around us.”
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