(Correcting takeover value.)
LONDON (Alliance News) - Royal Dutch Shell PLC's GBP47.0 billion takeover of BG Group PLC has received final regulatory clearance in Australia, BG said in a statement on Thursday.
The Australian Treasurer has now given approval for the deal through the Foreign Investment Review Board, providing final clearance for the deal following the unconditional approval secured from the Australian Competition and Consumer Commission on November 19.
BG said the Australian approval is the fourth of five regulatory clearances required for the deal, leaving it only seeking approval from the Chinese Ministry of Commerce.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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