A yes vote for the $70 billion Shell BG Group merger has been cast by Royal Dutch Shell’s shareholders.
Shell announced the results of the vote, held Wednesday 27th January saying: “Shell shareholders
expressed their support for the recommended combination with BG Group”
Yes Vote For Shell BG Group Merger
According to Shell its shareholders voted overwhelmingly in favour of the merger; with a result of 83.08% voting in favour and only 16.92% against.
BG Group is now expected to vote tomorrow, with much the same result. If BG Group’s shareholders also vote in favour, then the deal is expected to be finalised by 15th February 2016.
Commenting on the results Shell CEO, Ben van Beurden, said: “I am delighted with the positive shareholder vote and the confidence that shareholders have shown in the strategic logic of the combination of Shell and BG.”
“Our immediate focus is on the successful completion of the transaction and we now await the results of tomorrow’s BG shareholder vote.”
Shell BG Group Merger Regulators
The US$70 billion mega merger has also had to face scrutiny from a host of national anti-corruption and anti-monopoly regulators including the US, Brazil, China, the EU, UK and Australia.