Shell’s business gamble, supported by oil prices at near record highs, is on the brink of paying off Photo: Newscast
By Jillian Ambrose: 21 Jan 2016
Key investment funds have voiced growing support for the planned £47bn merger of energy giants Shell and BG Group ahead of crucial shareholder votes next week.
Shell’s fifth biggest investor, Norges Bank Investment Management, said on Wednesday that it will vote in favour of the plan at the shareholder meeting on January 27.
The $790bn fund joins a growing group of shareholders in support of the deal, including smaller investment funds and investment advisory firms.