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Abu Dhabi’s Adnoc makes $19bn bid to take over Australia’s Santos
Santos said XRG, an investment arm of the Abu Dhabi National Oil Company, had made an indicative cash offer of $5.76 a share, valuing the Adelaide-based company at $18.7bn. It represents a 28 per cent premium to Santos’s closing share price last week.
Top Santos shareholder L1 Capital has backed the $30bn takeover mounted by Abu Dhabi’s ADNOC for the Australian energy ...
It comes after Street Talk reported on Sunday that Adnoc had held preliminary talks with Santos about taking a stake in the ...
SYDNEY—Santos STO0.32%increase; green up pointing triangle, Australia’s second-largest producer of oil and natural gas, said on Monday that it has received a takeover offer from a consortium led by ...
The boss of PNG’s national petroleum company says Abu Dhabi must commit to develop the $US18bn ($28bn) Papua LNG project should its blockbuster takeover for Santos proceed, ahead of a final investment ...
The company has landed the largest ever cash deal in the global energy sector. The only problem is getting the bid past the ...
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