BG Group is now part of Royal Dutch Shell plc. Anglo/Dutch oil giant Shell has completed the acquisition of BG Group, after the scheme sanctioned by the court last week became effective on Monday, February 15, 2016. Shell’s decision to buy BG Group in 2015 was, at least in part, a … He had good reason to allow himself a moment’s celebration. With hindsight, the timing of Royal Dutch Shell’s acquisition of BG Group couldn’t have come at a worse time. Back in early 2015, when the deal was announced, oil and energy prices were already on the way down, but not many foresaw the prospect of oil prices heading all the way down to roughly $27 a barrel in early 2016. The acquisition was completed in February 2016, resulting in Shell surpassing Chevron Corporation and becoming the … Quite apart from being one of the biggest takeovers of this or any other year, Royal Dutch Shell (Xetra: A0ET6Q - news) ’s £35billion acquisition of BG Group (EUREX: 1007667.EX - news) was notable for all kinds of reasons. 26 April 2017 update. The benefits for holders of BG group shares seem obvious, given they are getting a price at a 50% premium to the value of their current holdings and have the choice to receive the proceeds in cash or Shell shares. BG Group | 218,394 followers on LinkedIn. On February 15, 2016, the Company acquired all the voting rights in BG Group plc (BG) by means of a Scheme of Arrangement under Part 26 of the Act for a purchase consideration of $54,034 million.This included cash of $19,036 million and the fair value ($34,050 million) of 218.7 million A shares and 1,305.1 million B shares issued in exchange for all BG shares. Then, on Wednesday, Royal Dutch Shell announced that BG Group had agreed a price of £47.1bn for a merger. In a presentation to shareholders regarding the acquisition of BG, Shell detailed that the combined 5 reserves of Shell and BG, as a result of the deal, would be able to yield close to 50 million tonnes of natural gas per annum (mtpa) come 2018, the highest projected figure in the industry (‘Recommended Combination with BG Group’, 2015: 11). Royal Dutch Shell plc has agreed to acquire UK-based BG Group plc in a deal worth about US$69.6 billion. It will help Anglo-Dutch giant Shell to boost its flagging output thanks to BG's strong position in liquefied natural gas (LNG), a cleaner alternative to coal and nuclear energy. The BG Group will now be officially delisted from the London Stock Exchange after Royal Dutch Shell’s Scheme of Arrangement with the group has … It is the first major deal for an oil and gas producer since prices started falling last summer. Royal Dutch Shell chief executive Ben Van Beurden said last week, in a rare display of public self-satisfaction from a modern energy major head. Furthermore, through the acquisition, Shell has also become one […] The completion of the acquisition makes Shell one of the world’s largest foreign stakeholders in Brazilian deepwater oil fields. Royal Dutch Shell (RDS.A), best known for its gasoline stations, is buying BG Group , a big natural gas specialist, for about $70 billion in cash and stock.Company executives have … Energy titan Royal Dutch Shell on Wednesday announced a mega-takeover of British rival BG Group worth £47 billion, consolidating their positions in a sector battered by sliding oil prices. On Wednesday, Royal Dutch Shell agreed to buy the BG Group for $70 billion. Royal Dutch Shell announced on 8 April 2015 it had agreed to buy BG Group for £47 billion (US$70 billion), subject to shareholder and regulatory approval.