Wednesday, July 8, 2015

Brazil clears Shell’s $70 bln purchase of BG

Jul 8th, 2015

Brazil clears Shell’s $70 bln purchase of BG

By Ron Bousso and Stephen Eisenhammer

(Reuters) – Brazil gave the green light to oil major Royal Dutch Shell to buy smaller rival BG, advancing the $70 billion merger — the largest of the past decade — closer to completion in early 2016.

Shell is set to become the largest foreign operator offshore Brazil after it buys BG, so the clearance from the country was a crucial step to complete the merger on time.

Brazil’s competition authority CADE said on Wednesday it had given preliminary approval to the transaction “without restrictions.” BG said that if no appeals were lodged or referrals made in the next 15 days, CADE’s clearance would become final. A spokesman for Shell confirmed the approval and the 15-day appeals period.

Posted in: BG Group, Bidness Etc, Brazil, Gas, Reuters, Royal Dutch Shell Plc, Shell.
Tagged: BG Group · Gas · Royal Dutch Shell Plc · Shell

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SYNDICATED ESTAFA

MY QUEST FOR SWINDLED

RETIREMENT PAY BY SHELL

SWINDLING ITO, SYNDICATED ESTAFA

HOT PURSUIT

DUTY OF LAW ENFORCEMENT ENTITIES

SHELL SWINDLING OF RETIREMENT PAY 5TH YEAR

1001counts

SEE BELOW FOR THE 1001ST TIME THE REITERATION OF DEMAND PAYMENT OF RETIREMENT PAY WHICH SHELL REFUSED TO HONOR IN THE PRESENCE AND DEEMED APPROVAL OF THE HONORABLE MAGISTRATES OF THE SUPREME COURT OF THE PHILIPPINES

GEUS_15MAR16_66th FOLLOW UP_REITERATION

OF DEMAND PAYMENT OF RETIREMENT PAY

Dishonest scales are an abomination to the Lord, but a just weight is His delight... Proverbs Chapter 11 v. 1

Retirement Pay Law circumvented by Shell subject to penal provision provided for by Article 288 of the Labor Code of the Philippines.

NAV

Wednesday, July 8, 2015