Wednesday, April 8, 2015

Royal Dutch Shell to Buy Exploration Company in 47B Deal

Royal Dutch Shell says it has agreed to buy oil and gas exploration firm BG Group in a deal that values the business at 47bn.

The two firms say they have reached agreement on a cash and shares offer which gives investors a 50% premium on BG Group’s share price on 7 April.

The deal could be one of the biggest of 2015 and could produce a company with a value of more than 200bn ($296bn).

BG Group’s shares opened up 42% on the London Stock Exchange at 1,293.5p.

Shell’s 177bn market capitalisation dwarfs that of BG, which now stands at 31bn after a 20% fall in its share price over the past year.

via BBC

0 коментарі:

Post a Comment