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Big investors walk as fears increase over Shell-BG deal

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Screen Shot 2015-12-23 at 09.03.45Robin PagnamentaDecember 23 2015

Two of the biggest shareholders in BG Group have sold nearly £300 million of shares in recent weeks, in a sign of rising unease over its proposed £36 billion takeover by Royal Dutch Shell.

Axa Investment Management has sold 18.4 million BG Group shares worth £168 million, cutting its stake by nearly two thirds since October. Wellington Management, an American hedge fund, has sold 11.82 million shares, worth more than £108 million and a third of its holding, since September 30. 

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