Royal Dutch Shell has agreed to acquire BG Group for 47,000 million pounds (69,700 million dollars), the companies announced Wednesday.
The boards of both companies will recommend their investors approve the acquisition, according to a set of companies.
The energy firms seek to reduce costs and become more efficient before declining oil prices. One way to get through consolidation.
According to the terms of the offer, shareholders of BG would own approximately 19% of the new company.
Join the two companies produce financial gains of 2,500 million dollars a year, Shell said.
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