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Shell expects BG acquisition to close within weeks

Reuters - UK Focus

LONDON, Jan 20 (Reuters) - One of the world's largest oil companies, Royal Dutch Shell (Xetra: R6C1.DE - news) , expects its roughly $49 billion takeover of rival BG Group (LSE: BG.L - news) to conclude in "a matter of weeks", it said on Wednesday.

The oil major, updating the market one week ahead of a shareholder meeting to vote on the deal, also said it expected full-year core earnings of $10.4-10.7 billion, slightly below a company- provided consensus of $10.8 billion.

It (Other OTC: ITGL - news) maintained its 2016 capital investment target of $33 billion and its 2016-18 asset sales projection of $30 billion, provided its acquisition of BG goes through.

(Reporting by Karolin Schaps; editing by Susan Thomas)