Shell has completed its $68.2billion merger with BG Group which will now be delisted from the London Stock Exchange.
The oil major said it follows the sanction of scheme at a hearing held four days ago and the delivery of the court order to the Registrar of Companies today.
Shell well issued 1,523,804,425 Shell A shares and 3,745,486,731 Shell B shares.
Chief executive Ben Van Beurden said: “This is an important moment for Shell.
“It significantly boosts our reserves and production and will bring a large injection to our cash flow.
“We have acquired productive oil and gas projects in Brazil and Australia and other key countries.
“We will now be able to shape a simpler, leaner, more competitive company, focusing on our core expertise in deep water and LNG.”
By Niamh Forrest
Source: Energy Voice
LinkedIn Twitter Xing EmailWhen I left my second large company experience to become President of a small manufacturing company I did so driven by ego; I fancied the title. Soon […]
LinkedIn Twitter Xing EmailFirm details on exactly how the U.K. will regulate new medicines is still to be decided after it leaves the EU later this year (caveats on timing […]
LinkedIn Twitter Xing EmailThe Simply Good Foods Company, the owner of Atkins-branded food products, has secured a deal to acquire protein snack maker Quest Nutrition for $1 billion. Quest, which […]
