Tag: Merger
Shell to buy BG Group
It is being reported that Royal Dutch Shell is in discussions with BG Group regarding a possible USD 70 billion merger between the two oil and gas companies. Shell has taken a step to boost its deepwater and LNG asset portfolio during the current low equity price environment by taking over BG Group.
Exelon-Constellation merger closes
Exelon Corporation and Constellation Energy have completed their merger, effective 12 March 2012. The merger creates one of the largest retail customer bases and the leading U.S. competitive energy provider with one of the cleanest and lowest-cost power generation fleets in the industry.
Duke & Progress Energy delay merger
Duke Energy and Progress Energy’s proposed merger will create the United States largest utility. If approved, the new company will serve over 7 million customers in North and South Carolina, Florida, Kentucky, Indiana and Ohio.
Constellation and Exelon to merge
US-based Constellation and Exelon have announced merger plans.