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Shell cancels $14.4 billion bridge credit facility

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By Ian Walker: Published: Feb 11, 2016

LONDON–Oil major Royal Dutch Shell PLC RDSA said Thursday it has cancelled the 10.07 billion pound ($14.4 billion) bridge credit facility that was agreed last May to pay for its acquisition of BG Group PLC (BG.LN) as it is now able to fund the deal from its own cash resources. The transaction is expected to complete on Feb. 15.

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