Freshfields and Slaughters strike oil in Shell BG Group megamerger

Shell’s £47bn swoop on gas group BG Group announced last week is one of the largest takeovers in the oil sector in years, and is largely a consequence of plummeting oil prices globally.

Slaughter and May advised Royal Dutch Shell alongside Dutch best friend De Brauw Blackstone Westbroek. Freshfields Bruckhaus Deringer advised BG Group.

The announcement of the deal was overshadowed by the likely exit of BG Group CEO Helge Lund, who could walk away with a £25m pay deal next year after only working for the company since February 2015.

But Lund isn’t the only one to depart BG Group following the merger, as general counsel Graham Vinter has decided to retire after seven years in the role.

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