Following the Shell shareholders on Wednesday, they voted en masse in the transaction. Of the existing share capital voted 87.32 percent for which a minimum requirement of 75 percent gold.
Nothing seems now the largest takeover of a Dutch company ever to stand in the way. Shell February 15 as the basis for completion. Chairman Ben van Beurden is obviously in his element with the voting results and announced that ” there to see as soon as possible to realize the benefits of the combination. ” Besides attractive deepwater and gas positions, the acquired as a catalyst for reforms at Shell, said the CEO.
Acquisition
Shell released in April last year a takeover bid for the equivalent of around 64 billion euros. That amount has dropped considerably since the majority of the acquisition will be paid in shares Shell, who surrendered to pressure from falling oil prices to value. The current transaction is valued at approximately 47 billion euros.
With the purchase Shell can the cost of its oil production ” substantial ‘decrease, the reserves are replenished and given the group access to very good gas production activities in Australia, said shareholders advisor ISS. The agency advised many of Shell’s largest shareholders in recent weeks to go in on the deal
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