Slaughter and May is advising Royal Dutch Shell on its £47 billion recommended combination with BG Group

Slaughter and May is advising Royal Dutch Shell plc (Shell) in relation to its recommended cash and share offer for BG Group plc (BG Group).

Shell expects that the combination will accelerate its growth strategy in global LNG and deep water. Under the terms of the combination, BG Group shareholders will receive 383 pence in cash and 0.4454 Shell shares for each BG Group share. The terms of the combination value BG Group at approximately £47 billion and will result in former BG Group shareholders owning approximately 19% of the combined group.

The combination, which was announced on 8 April 2015, is to be implemented by way of a transfer scheme of arrangement. The acquisition will be subject to, among other things, pre-conditions relating to the receipt of regulatory approvals in the EU, China, Brazil and Australia, the approval of BG Group’s and Shell’s shareholders and other applicable regulatory and competition clearances. It is expected that the acquisition will complete in early 2016.

Slaughter and May is working closely to support Donny Ching, Michiel Brandjes, Sean Ashley, Anne Riley, Mike Ashworth, Sarah Else, Caitlin Westgarth, Frederick Ratliff, Joe Babits and Mark Edwards of the Shell legal team.

Slaughter and May is working as a team with De Brauw Blackstone Westbroek (advising on Dutch aspects) and Cravath, Swaine & Moore LLP (advising on US corporate aspects).

De Brauw Blackstone Westbroek: Paul Sleurink (partner)

Cravath, Swaine & Moore LLP: William Rodgers and Richard Hall (partners)

Roland Turnill Senior Partner
Hywel Davies Partner
Rebecca Cousin Partner
Robert Innes Partner
Steve Edge Senior Consultant
Matthew Tobin Partner
Jordan Ellison Partner
Rosemary Nelson Associate