Deals
Shell Will Buy BG for $70 Billion in Push for Gas Dominance
Will Shell’s $70B BG Deal Set Oil M&A in Motion?
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Royal Dutch Shell Plc agreed to buy BG Group Plc for about 47 billion pounds ($70 billion), making Europe’s largest oil company the pre-eminent player in global natural gas and adding fields in Brazil.
The deal, the industry’s biggest in at least a decade, will push Shell further into producing, shipping and selling gas as the company bets China and other emerging economies switch from coal and oil to cut pollution.