WSJ: EU Approves Shell’s Takeover of BG Group

Oil giant Royal Dutch Shell PLC cleared a significant hurdle toward its planned takeover of U.K.-based oil and gas firm BG Group PLC on Wednesday, after Europe’s highest antitrust regulator approved the deal unconditionally.

The two companies agreed the $70 billion cash and share deal in April in the latest sign of how tumbling energy prices are shaking up the global oil-and-gas industry.

The European Commission, the European Union’s top competition authority, concluded after a brief investigation that the deal wouldn’t allow Shell to influence the prices of oil and natural gas in Europe and that those markets would remain competitive.

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