21.01.2016 - Norway wealth fund to vote for Shell merger
Norway's $790 billion sovereign wealth fund, the world's largest, will vote in favour of the merger of energy companies Royal Dutch Shell and BG , it said on Wednesday. "Norges Bank Investment Management considers that the transaction accelerates value for BG Group PLC shareholders and is in the best long-term interest of Royal Dutch Shell PLC shareholders," the fund said in two statements to shareholders. A spokeswoman for the fund said the price of the transaction was fair overall. "In an environment of low oil price, we believe the companies will stand stronger together," she said...............................................Full Article: Source
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