The High Court of Justice of England and Wales has sanctioned the mega merger between supermajor Shell and BG Group, paving the way for the biggest merger in more than a decade to be complete early next week.
However, the merger remains subject to the delivery of the court order to the registrar of companies, but is expected to become effective on 15 February.
Shell said it is expected that dealings in BG shares will be suspended with effect from the evening of 12 February, with the admission of BG shares to be delisted and canceled from London Stock Exchange 8am GMT on 15 February.
Late last month, Shell and BG shareholders overwhelmingly approved the merger. Shell announced in its full year 2015 results that the merger would result in some 10,000 staff and contract job cuts across both companies.
In April, Shell made the US$70 billion cash and share offer to BG. The merger will make Shell/BG bigger than BP and Chevron in market value.
Image of Shell CEO Ben van Beurden, from Shell.
Read more:
Shell, BG merger gets final approval
Shell shareholders approve BG merger
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