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U.S. FTC clears Shell-BG $70 billion deal

Reuters - UK Focus

LONDON, June 16 (Reuters) - BG Group (LSE: BG.L - news) said on Tuesday it had received anti-trust regulatory clearance from the U.S. Federal Trade Commission for Royal Dutch Shell (Xetra: R6C1.DE - news) 's proposed $70 billion acquisition.

The FTC clearance is the first regulatory approval received for the deal, announced on April 8, 2015, BG said.

"BG Group and Shell (LSE: RDSB.L - news) confirmed today that they were well underway with the relevant anti-trust and regulatory filing processes," BG said in a statement. (Reporting by Ron Bousso; editing by Susan Thomas)