Shell share price: boss to present BG merger case to China regulators
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Article by Veselin Valchev published Wednesday, 06 May 2015 by invezz.com
Shell share price: boss to present BG merger case to China regulators
Ben van Beurden on tour to win authorities’ approval for £47bn deal
Royal Dutch Shell Plc’s (LON:RDSA) chief executive Ben van Beurden is scheduled to visit China this week, in what analysts say is a crucial moment in the company’s drive to earn regulatory approval for the proposed £47 billion merger with smaller London-listed rival BG Group Plc (LON:BG).
Shell‘s share price had dipped 0.02 percent to 2,091.00p as of 14:08 BST today, falling short of the blue chip London benchmark FTSE 100 index, which had gained about 0.4 percent. Shell’s stock has lost nearly three percent in the year-to-date, and is down more than 10 percent on an annual basis.
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