Shell £47 billion acquisition of BG Group

Overview:

• Royal Dutch Shell has undertaken the proposed acquisition of the BG Group for £35 billion.
• The deal would make the combined company the largest LNG company in the world.
• The deal was announced in early 2015 and is expected to complete in late 2016.
• The deal sees BG become a a wholly owned subsidiary of Shell.
• Shell has announced plans to cut thousands of jobs and sell over $30 billion in assets to finance the deal.

Sam Duke - Editor