Shell/BG merger secures Australian approval
Shell’s $70bn acquisition of BG Group has received approval from the Australian Treasurer through the Foreign Investment Review Board. The approval follows the unconditional approval by the Australian Competition and Consumer Commission and completes the regulatory review process in Australia. This is the fourth pre-condition to be satisfied, following the previously announced clearances in Brazil and the EU, and the ACCC’s approval. The final remaining pre-conditional clearance is from China’s Ministry of Commerce.
News Item details
Journal title: Petroleum Review
Countries: Europe -
Organisation: Royal Dutch/Shell
Subjects: Mergers and acquisitions
