Royal Dutch Shell plc Confirms Deal With Morgan Stanley: Shares Up 2%

Royal Dutch Shell plc Confirms Deal With Morgan Stanley: Shares Up 2%

Jul 11th, 2015 

by John Donovan. 

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By: MICHEAL KAUFMAN: Jul 11, 2015

Royal Dutch Shell plc (NYSE:RDS.A) plans to establish a strong footing in the natural gas sector. In April 2015, the company finalized its $70-billion deal with BG Group plc (OTCMKTS:BRGYY). If approved by the regulatory authorities, the merger will give Shell access to BG Group’s valuable assets in Brazil and several other countries.

According to Reuters, Shell has purchased the European gas and power trading book from Morgan Stanley (NYSE:MS). The acquisition is expected to help the company achieve a strong footing in gas industry. In addition to the BG deal, the company is also colluding with Russia’s Gazprom OAO (OTCMKTS:OGZPY). Currently, Gazprom is considered the world’s top gas producer.

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

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