Shell takeover deal may face local resistance
Article by Matt Chambers, published 3 June 2015 by The Australian Business Review under the headline:
Shell takeover deal may face local resistance
Australian regulators are shaping up as one of the major hurdles for Royal Dutch Shell’s friendly $91 billion takeover of BG Group, with analysts tipping coal-seam gas sales may be needed for Shell’s plan to create a world-dominating LNG business to get through.
Credit Suisse analysts said the transaction between the energy giants should clear regulators in Brazil, where Shell wants BG’s deepwater Santos Basin, and the European Union, where both companies are domiciled.
Instead, Australia and China will be the main hurdles, potentially with conflicting views on the best way to structure a deal for their respective national interests, the investment bank said yesterday.
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