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


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

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