BG Group plc shareholders voted on Thursday in favor of the recommended combination between Royal Dutch Shell and BG. On Wednesday, at Shell's General Meeting held in The Hague, Shell’s shareholders approved the companies' pending merger.
The transaction is expected to complete on Feb. 15, subject to the satisfaction or waiver of certain customary conditions.
Commenting on the BG shareholder vote, Ben van Beurden, CEO of Shell, said, “I am very pleased that BG shareholders have voted in favor of the combination and look forward to welcoming them onto our register when the transaction closes. BG adds attractive deepwater and integrated gas positions, and will act as a catalyst for accelerating the reshaping of our business. We now look forward delivering the benefits of the combination as quickly as possible following completion."