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flag Shell's M&A chief Greg Gut left after CEO Wael Sawan blocked a proposed BP acquisition, with no plans to pursue it post-ban.

flag Shell's mergers chief Greg Gut has left the company after CEO Wael Sawan and top executives blocked an internal proposal to acquire BP this year, according to the Financial Times. flag The M&A team, including chair Andrew Mackenzie, supported the deal, but Sawan and finance chief Sinead Gorman opposed it over strategic risks. flag Shell had previously denied seeking a BP bid in June, citing a six-month UK ban on such moves, set to end December 26. flag Sawan has prioritized share buybacks over acquisitions, especially amid BP’s underperformance since its 2020 shift to renewables. flag The FT reported Gut departed before the June denial, suggesting Shell is unlikely to pursue BP when the ban ends. flag Shell reiterated its prior denial, stating it has nothing further to add. flag Reuters could not confirm Gut’s departure, as his LinkedIn profile still lists him as employed by Shell.

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