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Shell takes on Exxon with £47b bid for BG

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ROYAL Dutch Shell agreed to buy smaller rival BG Group for £47 billion (S$95 billion) in the first major energy industry merger in more than a decade, closing the gap on market leader US ExxonMobil after a plunge in prices.

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ROYAL Dutch Shell agreed to buy smaller rival BG Group for £47 billion (S$95 billion) in the first major energy industry merger in more than a decade, closing the gap on market leader US ExxonMobil after a plunge in prices.

Anglo-Dutch Shell will pay a mix of cash and shares...

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