July 24 (Reuters) - BG Group Plc BG.L on Friday confirmed that it has received final unconditional clearance from Brazilian competition authority CADE for its acquisition by bigger rival Royal Dutch Shell RDSa.L .
The clearance of the $70 billion merger follows the 15-day period during which the preliminary approval granted by CADE on 8th July could have been appealed. ID:nL8N0ZO2GH
Shell is set to become the largest Brazilian offshore foreign operator after it completes the merger with BG, which it announced in April. ID:nL5N0X50HI
The proposed acquisition had previously obtained a green light from United States Federal Trade Commission (FTC) and now only needs pre-conditional approvals from the European Union, Australia and China for the merger to be completed. ID:nL5N0Z22ZR