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Four banks land plum mandates for €147bn Shell merger

Credit downgrade fears over fresh review of oil reserves

ABN Amro, Citigroup, Deutsche Bank and Rothschild have landed the plum mandates to advise Royal Dutch Shell, the world's third-largest oil group, on its €147bn ($186m) merger of the British and Dutch companies.

According to the terms of the deal, which will end the century-old dual-trading structure, shareholders in both Royal Dutch and Shell Trading and Transport will be offered shares in a new company which will be incorporated in London, but based in the Netherlands.

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