Shell's $70b takeover bid for BG Group cleared by Australia's competition watchdog ACCC

Shell's $70b takeover bid for BG Group cleared by Australia's competition watchdog ACCC

Shell branding is seen at a petrol station in west London, January 29, 2015. REUTERS/Toby Melville

Royal Dutch Shell cleared a major hurdle to its $70 billion takeover of the BG Group on Thursday, winning a green light from Australia’s competition watchdog, which said the deal would not change the dynamics of the domestic market.

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