Australia’s FIRB approves Shell's merger with BG

Royal Dutch Shell has received approval from Australia’s Foreign Investment Review Board (FIRB) for the company's $70 billion merger with BG Group Plc.

In November, Shell’s combination with BG Group plc received unconditional merger clearance from the Australian Competition and Consumer Commission (ACCC), so that, together with the previously announced clearances in Brazil and the EU, three of the five preconditions to the combination were satisfied.

Now, with the FIRB clearance, the proposed merger is now awaiting clearance from China's Ministry of Commerce – the transaction’s last regulatory hurdle.

Shell and BG say that the deal remains on track to be completed in early 2016.

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