THE HAGUE, The Netherlands (8 April 2015) – The Boards of Shell and BG announced that they have reached agreement on the terms of a recommended cash and share offer to be made by Shell for the entire issued and to be issued share capital of BG. The Combination will result in BG Shareholders owning approximately 19 percent of the combined group. Shell expects the Combination to accelerate its growth strategy in global LNG and deep water. In a webcast on April 8, 2015, Royal Dutch Shell Chairman Jorma Ollila said, “We firmly believe that this is the right strategic next step for Shell’s shareholders and for the shareholders of BG. By combining BG’s portfolio and skills set with Shell’s capabilities, we can deliver a step change in the growth priorities for both of our companies, accelerating our strategy in plays such as in deep water and liquefied natural gas.” BG Group Chairman Andrew Gould said, “This is a pivotal moment for both companies. We are combining our assets and operations to create an exceptional business, well set up to deliver attractive returns to both groups of shareholders.” For more information, visit www.shell.com.
Thu, 04/09/2015 - 08:36