European stocks rise as energy shares rally on Shell-BG deal

April 8, 2015 8:11 AM

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PARIS, April 8 (Reuters) - European shares rose in early trading on Wednesday, led by a rally in energy stocks after Royal Dutch Shell agreed to buy BG Group for 47 billion pounds ($70 billion) in the first oil super-merger in a decade.

Shares in BG jumped 39 percent, while Tullow Oil soared 10 percent, BP gained 4 percent, Repsol added 1.8 percent and Total climbed 1 percent. Shares in Royal Dutch Shell fell 2.8 percent.

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