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Shell Shareholders Approve $49b BG Takeover

Shell Shareholders Approve $49b BG TakeoverShell Shareholders Approve $49b BG Takeover

Shareholders of Royal Dutch Shell approved the company's $49 billion takeover of BG Group on Wednesday, clearing one of the final hurdles for a deal that will create the world's biggest liquefied natural gas trader.

As many as 83% of shareholders voted in favor and 17% against the deal, one of the largest in the energy sector in the past decade. BG shareholders will cast their votes in London on Thursday, Reuters reported.

"Our immediate focus is on the successful completion of the transaction and we now await the results of tomorrow's BG shareholder vote," said Shell Chief Executive Ben van Beurden in a statement.

Financialtribune.com