LONDON, Jan 8 (Reuters) - Standard Life Investments, a majorshareholder in Royal Dutch Shell, said on Friday itwill vote against the Anglo-Dutch's oil company's proposed $49billion acquisition of BG Group.
"We have concluded that the proposed terms of theacquisition of BG are value destructive for Shell shareholders,"David Cumming, Head of Equities at Standard Life Investments,said in a statement.
"This view is based on the downside risks to Shell's oilprice assumptions plus the tax and operational risks surroundingBG's Brazilian asset base. Consequently we shall vote againstthe deal." (Reporting by Ron Bousso; editing by David Clarke)