Shell's BG deal will test China's pledge on anti-trust transparency
Beijing unlikely to raise objections after criticism over Glencore-Xstrata case: observers
Hong Kong
ROYAL Dutch Shell's US$70 billion bid for BG Group will put to the test a pledge by China's antitrust regime to be more transparent, after it faced strong criticism last year from the United States and Europe.
China's nascent competition law has become one of the biggest wildcards for large cross-border deals in recent years, particularly where natural resources are concerned.
In 2013, China's Ministry of Commerce (MOFCOM) said miner Xstrata had to sell off a prized Peruvian copper project in order for its US$35 billion merger with Glencore to proceed, despite neither company owning any assets in China at the time. The combi…
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