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Shell forecasts higher savings from BG Group takeover

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LONDON: Energy giant Royal Dutch Shell on Tuesday (Jun 7) increased by US$1.0 billion the amount it expects to make in cost savings from its mega takeover of smaller British rival BG Group.


The Anglo-Dutch group said it anticipates savings of US$4.5 billion (4.0 billion euros) in two years' time.


http://www.channelnewsasia.com/news/business/international/shell-forecasts-higher/2851850.html


Smoke and mirrors. The real question is, will it ever pay out?

They run off 12,500 people and cut investment by $$ billions due to the low oil price, and credit it to the merger. And on an aside, they mention an 89% drop in profits from last year.

But the merger is going great. Better than we expected. Really, it is...

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