Shell shareholders approve US$49b BG takeover

Shareholders of Royal Dutch Shell approved the company's US$49 billion takeover of smaller rival BG Group at a special stakeholder meeting in The Hague on Wednesday. 

PHOTO: AFP

JAN 27, 20169:20 PM

[THE HAGUE, Netherlands] Shareholders of Royal Dutch Shell approved the company's US$49 billion takeover of smaller rival BG Group at a special stakeholder meeting in The Hague on Wednesday.

As many as 83.08 per cent of shareholders voted in favour of the deal, one of the largest in the energy sector in the past decade.

A total of 16.92 per cent of shareholders opposed the deal. Shell needed a majority of positive shareholder votes to seal the deal.

REUTER
S