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Shell-BG tie-up could challenge market leader Exxon Mobil

2015-04-09 01:09:18| Chemicals - Topix.net

European petroleum giant Royal Dutch Shell has agreed to buy British rival BG Group for roughly $70 billion in a deal that could help the two companies battle low oil prices while pressuring market leader Exxon Mobil. Shell, which is based in the Netherlands and incorporated in London, said it would pay 47 billion British pounds for BG if allowed by regulators and the companies' shareholders.

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