Standard Life to vote against BG takeover by Shell
Standard Life will vote against Shell's takeover of BG, de Telegraaf reported, citing information obtained from Standard LIfe.
Standard Life currently owns 1.7% of Shell's shares, the Dutch language item added. Standard Life claims the conditions around the takeover would cause 'value destruction' for Shell's shareholders, the report noted.
The same report also said that Standard Life has doubts over BG's possesions in Brazil. Shell shareholders can vote on the takeover bid around the end of January, according to De Telegraaf report.
de Telegraaf