Shell, PetroChina JV Gets Regulatory OK For Bow Energy Takeover

SYDNEY (Dow Jones Newswires), Dec. 16, 2011

Royal Dutch Shell PLC (RDSB) and PetroChina Co.'s (PTR) Australian joint venture has secured approval from Australia's foreign investment watchdog and Chinese regulators for its A$535 million offer for Bow Energy Ltd. (BOW.AU).

Bow shareholders will now vote on Wednesday whether to approve the company's acquisition by Arrow Energy Holdings Pty, which Shell and PetroChina jointly acquired more than a year ago. 

Copyright (c) 2011 Dow Jones & Company, Inc.

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