[에너지신문] 15 December 2015 - The Chinese Ministry of Commerce (MOFCOM) has given its unconditional clearance for the proposed merger of Shell and BG Group. Following previously announced approvals in Brazil, the EU and Australia, MOFCOM clearance marks the final pre-conditional approval required for the combination: BG and Shell received approval from the United States in June 2015, from Brazil in July 2015, from the European Union in early September 2015 and from the Australian Competition and Consumer Commission (ACCC) in November 2015. This Chinese approval paves the way for a completion of the transaction by early 2016.
Shell expects the integration of BG's activities into Shell's businesses to raise pre-tax synergies of US$3.5bn. With regards to office footprint rationalisation in the United Kingdom, Shell will, following deal completion, undertake a comprehensive review during the course of 2016. A total of 2,800 jobs could be cut (about 3% of the total combined group workforce), as part of Shell's plans to reduce its headcount and contractor positions by 7,500 globally.

http://www.enerdata.net/enerdatauk/press-and-publication/energy-news-001/china-clears-shell-bg-merger_35412.html

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