DATE FEBRUARY 15 2016
05
Royal Dutch Shell acquires BG Group
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In a US $ 53bn deal , Royal Dutch Shell acquired the entire issued and to be issued share capital of BG Group plc . The acquisition of BG Group , came as a result of the company ’ s efforts to enhance free cash flow and accelerate its liquefied natural gas ( LNG ) and deep water operations to reshape the company . “ This is an important moment for Shell . It significantly boosts our reserves and production and will bring a large injection to our cash flow . We have acquired productive oil and gas projects in Brazil and Australia and other key countries . We will now be able to shape a simpler , leaner , more competitive company , focusing on our core expertise in deep water and LNG ,” commented Ben van Beurden , Chief Executive Officer , Royal Dutch Shell . businesschief . eu