After clearing the last regulatory hurdle, Royal Dutch Shell said its planned merger with BG Group will require restructuring and a reduction in head counts. The Chinese Ministry of Commerce cleared the planned merger between the two energy companies, paving the way for the largest integration of its kind since Exxon and Mobil merged in the late 1990s. “Following previously announced approvals in Brazil, the European Union and Australia, [Chinese] clearance marks the final pre-conditional approval required for the combination,” the company said in a statement. With the last step in the approval process completed, BG Group Chief Executive Helge Lund said integration would result in a stronger industry footprint . “The proposed combination has […]