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Shell defends BG takeover as oil trading helps it overcome slump in crude price

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Screen Shot 2015-04-13 at 19.54.26BY MARCUS LEROUX: FRIDAY 1 MAY 2015

Royal Dutch Shell’s main investors have questioned the oil company’s £45 billion takeover of BG Group, the company conceded yesterday.

As it announced first-quarter results that beat even the most optimistic of City forecasts, Shell said that it had visited most of its main shareholders to explain the deal’s rationale.

Simon Henry, chief financial officer, said that some institutional shareholders had expressed concerns over the scale of the deal and its valuation but added that there was unanimous support for its underlying logic. 

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