Financial Times FT.com

BG’s bid turns up heat with rival Shell

By Peter Smith in Sydney

Published: February 9 2009 05:24 | Last updated: February 10 2009 00:43

BG Group aims to compete against Royal Dutch Shell by deepening its presence in Australia’s fledgling coal seam gas industry, after launching a A$796m (£363m) takeover bid for Pure Energy Resources.

The cash bid trumps a rival offer for Pure Energy from Australia’s Arrow Energy.

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