The sale was completed on 15 February 2016. "The result will be a more competitive, stronger company for both sets of shareholders in today's volatile oil price world," Shell chairman Jorma Ollila said in a statement Wednesday. The Rating Watch Position on BG reflects our view that the acquisition by Shell, if successful, would be a significant credit enhancement to BG’s existing business and materially reduce the risk of default for BG’s outstanding debt. Royal Dutch Shell Plc won shareholder approval to buy BG Group Plc, sealing its biggest acquisition amid the worst oil-industry slump since the global financial crisis. The acquisition of UK-based BG will bolster Shell's already significant position in the fast-growing liquefied natural gas market and turn it into the largest foreign oil company in Brazil. The acquisition of UK-based BG will bolster Shell's already significant position in the fast-growing liquefied natural gas market and turn it into the largest foreign oil company in Brazil.
BG Group plc was a British multinational oil and gas company headquartered in Reading, United Kingdom. The Anglo-Dutch oil major Royal Dutch Shell is to acquire Britain’s BG Group Plc for $70 billion, narrowing the gap with a global leader ExxonMobil. First, although BG had some first-class assets, it has struggled to develop them as smoothly as hoped in recent years. The enhancement of Shell’s business profile may not fully offset any deterioration of credit metrics. -1 Note 15 - Acquisition of BG Group plc Shell Annual Report 2017. Anglo/Dutch oil giant Shell has completed the acquisition of BG Group, after the scheme sanctioned by the court last week became effective on Monday, February 15, 2016. Furthermore, through the acquisition, Shell has also become one […] The Rating Watch Position on BG reflects our view that the acquisition by Shell, if successful, would be a significant credit enhancement to BG’s existing business and materially reduce the risk of default for BG’s outstanding debt. The enhancement of Shell’s business profile may not fully offset any deterioration of credit metrics. Shell plc ('Shell', UK/Netherlands), acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of BG Group plc ('BG Group', UK) by way of a public bid for all the issued and to be issued share capital of BG Group3. On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory and shareholder agreement. Royal Dutch Shell (LON:RDSA/B): Proposed Acquisition of BG Group (LON:BG) Nelson Seraci Phone: +32 (2) 566-1128 Nelson.Seraci@issgovernance.com Recommendation: Vote FOR the acquisition Record Date Jan. 25, 2016 ˇee ng Date Jan. 27, 2016 (15)% (10)% (5)% 0 % Apr 08, 2015 Jan 06, 2016 Deal Spread Source: Bloomberg LP Oil price shocks usually bring with them a flurry of mergers and acquisitions due to the hit on share Royal Dutch Shell PLC has agreed to acquire BG Group PLC in a $70.1-billion cash and shares deal intended to sharpen Shell’s focus on integrated gas projects and deep water.. The completion of the acquisition makes Shell one of the world’s largest foreign stakeholders in Brazilian deepwater oil fields. The sale was completed on 15 February 2016. The merger suggests Shell and BG think prices have hit or are nearing a bottom, Cassidy added.

The acquisition of BG by Shell has occurred for two main reasons. It comes at a time when energy prices are tumbling, hurting energy companies including both Shell and BG.
On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory and shareholder agreement. Royal Dutch Shell is making a smart move in its $70 billion acquisition of BG Group. Shell is hereinafter The landscape of the petroleum industry is rapidly changing and petroleum majors such as Shell are turning into gas majors than 'big oil'. BG Group plc was a British multinational oil and gas company headquartered in Reading, United Kingdom. Note 1 Basis of preparation Note 2 Significant accounting policies Note 3 Interest and other income/expense Note 4 Investments in subsidiaries Note 5 Accounts payable and accrued liabilities Note 6 Taxation

The deal will gain Shell access to the most exciting deepwater oil projects in the world, in Brazil.

Royal Dutch Shell says it has agreed to buy oil and gas exploration firm BG Group in a deal that values the business at £47bn.

BG Group chairman Andrew Gould said the BG board remained confident in the energy firm's long-term prospects under Mr Lund, but that Shell's offer …