Shell Sees BG Bolstering Natgas, Deepwater Strengths

摘要

Royal Dutch Shell has agreed to buy UK - based gas major BG in a cash and share deal valuing the latter at ￡47 billion ($70 billion). The combination of the two companies would be worth over ￡180 billion, making it the world's second - largest oil major behind Exxon Mobil. A takeover of BG by one of the Western majors had long been discussed but was previously seen as too expensive. However, with oil prices falling, BG stock languishing and the company finally poised to generate cash flow, the Anglo - Dutch supermajor has taken the opportunity to snap up the UK company ( OD Apr.8'15 ).