Indeed, BG Group’s shares reportedly hit the top of the FTSE 100 leader board as traders speculated about a renewed round of bidding talks from Shell and Petrobras. However, Shell and BG Group have remained tight-lipped about the latest round of bids, revealed Reuters.
Another possible reason for the share price increase, according to traders, is reports of stakebuilding. Rumors are afloat that a US investment bank is involved in a stakebuild, Reuters quoted a trader as saying.
Last week, BG Group shares shot up as a result of rumors of a possible joint bid from Shell and Gazprom, with Petrobras also viewed as a potential participant.
