Financial Times FT.com

BG Group wins control of Pure Energy

By Peter Smith in Sydney

Published: March 23 2009 07:00 | Last updated: March 23 2009 17:36

BG Group has won control of Pure Energy after shareholders owning 70 per cent of the Australian group’s share register accepted the UK oil and gas group’s A$8-a-share cash offer.

However, BG is yet to secure the 20.3 per cent stake owned by Australia’s Arrow Energy, which this month abandoned its own pursuit of Pure.

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