Norway’s SWF to Bless the Merging of BG and Shell

Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, issued a statement that says, “Norges Bank Investment Management considers that the transaction accelerates value for BG Group PLC shareholders and is in the best long-term interest of Royal Dutch Shell PLC shareholders.”

NBIM is voting in favor of the BG Group-Royal Dutch Shell merger. NBIM thinks it’s a good deal because of the low oil price environment. NBIM is Royal Dutch Shell’s fifth largest investor and BG Group’s second largest investor. In April 2015, Royal Dutch Shell agreed to acquire BG Group in a £47 billion deal.

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