More than 80% of investors support deal,but Shell chief Ben van Beurden must win BG investors’ backing to total mergerShell has won shareholder approval for its £35bn takeover of BG Group despite nearly a fifth of investors opposing the deal.
At a specially convened general meeting in The Hague on Wednesday, 83% of Shell shareholders voted for the acquisition, and despite claims that the Anglo Dutch group was paying too much for its rival during a period of collapsing oil prices and should be investing instead in renewable energy.
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Source: theguardian.com