Australian watchdog clears Shell-BG merger

摘要

The buyout of BG Group by Royal Dutch Shell plc was given the go-ahead by the Australian Competition and Consumer Commission (ACCC), according to Reuters. The ACCC stated that the proposed takeover is not likely to substantially lessen competition or change the dynamics of the domestic, despite outcry from consumers worried that competition in eastern Australia would suffer if Arrow Energy, owned by Shell, were to supply gas to BG Group's Queensland Curtis LNG.