Deals
BG Group, Gas-Shipping Pioneer, Trades Final Time Before Merger
- Stock to delist from exchanges on Feb. 15 as Shell takes over
- BG's value has grown ninefold since company's creation in 1997
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BG Group Plc, pioneer of natural-gas shipping, will trade on stock exchanges for the last time on Friday, 19 years after it was created.
The shares will delist Monday as BG becomes a fully owned unit of Royal Dutch Shell Plc following the industry’s biggest acquisition in more than a decade. The stock has increased ninefold since 1997, when former state monopoly British Gas Plc split its exploration and production arm from retail. Shell gained just 15 percent in the period, while BP Plc declined 4.4 percent.