BG and Shell closing in on merger

BG and Royal Dutch Shell will on Monday seek High Court approval to hold shareholder meetings over their £55bn merger following satisfaction of the final pre-condition to the recommended combination and with the unanimous approval of both boards.

Following High Court approval, the scheme document will be published as soon as practicable, which is currently expected to be on 22 December 2015.

Shell and BG shareholder meetings to approve the recommended combination are expected to be convened on 27 and 28 January 2016, respectively.