Advertisement
UK markets close in 4 hours 7 minutes
  • FTSE 100

    7,952.37
    +20.39 (+0.26%)
     
  • FTSE 250

    19,862.70
    +52.04 (+0.26%)
     
  • AIM

    743.48
    +1.37 (+0.18%)
     
  • GBP/EUR

    1.1700
    +0.0031 (+0.26%)
     
  • GBP/USD

    1.2622
    -0.0016 (-0.12%)
     
  • Bitcoin GBP

    55,848.95
    +195.98 (+0.35%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,248.49
    +44.91 (+0.86%)
     
  • DOW

    39,760.08
    +477.75 (+1.22%)
     
  • CRUDE OIL

    82.54
    +1.19 (+1.46%)
     
  • GOLD FUTURES

    2,235.40
    +22.70 (+1.03%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,500.07
    +22.98 (+0.12%)
     
  • CAC 40

    8,223.50
    +18.69 (+0.23%)
     

Investor confidence in Shell-BG deal grows after Australia approval

LONDON, Nov 19 (Reuters) - Investor (LSE: 0NC5.L - news) confidence in the Royal Dutch Shell's proposed $70 billion acquisition of BG Group rose on Thursday after the merger won a key approval from Australian regulators.

The premium of Shell (LSE: RDSB.L - news) 's combined cash and share offer to BG shares narrowed to below 9 percent on Thursday, according to Reuters data. (graphic: http://link.reuters.com/qyf54w)

The Australian Competition and Consumer Commission (ACCC) earlier gave its unconditional clearance for the deal which will make Shell the world's top liquefied natural gas (LNG) trader and a key offshore oil producer.

The merger still requires the green light from Chinese regulators. Shell hopes to complete the deal by early next year.

(Reporting by Ron Bousso; Editing by Mark Potter)