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.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...