Shell’s BG arbitrage fades as investors set to back deal

Royal Dutch Shell Plc is on the brink of completing its biggest acquisition as shareholders look set to back its purchase of BG Group Plc. Risks to the deal completing have almost disappeared. The discount of BG’s shares to the offer price narrowed to a record low of 2.2 percent on Monday after some of Shell’s top shareholders and advisory firms backed the transaction this month. It was at 12.5 percent on Dec. 21.

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Oslo Court rules in favour of Norway after lawsuit

A court in Oslo has ruled in favour of Norway in a lawsuit involving a group of international investors. They had argued that the country’s decision to cut natural gas pipeline tariffs would have cost them more than $1billion in lost earnings by 2028. The four firms owned by funds including Allianz, UBS, the Abu Dhabi Investment Authority and the Canada Pension Plan Investment Board alleged that Norway had illegally cut fees on the 8,000lm Gassled gas pipeline network. The four firms have said they would consider whether to appeal the decision.