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ADNOC leads $18.7 billion proposal to buy Australia's Santos

Reuters on MSN · 1d

ADNOC leads $18.7 billion proposal to buy Australia's Santos in LNG push

Australia's second-largest gas producer Santos said on Monday it intended to support an all-cash $18.7 billion takeover bid from an international consortium led by Abu Dhabi's National Oil Company (ADNOC),

Financial Times · 1d

Abu Dhabi’s Adnoc makes $19bn bid to take over Australia’s Santos

Adelaide-based Santos said that XRG, comprised of the Abu Dhabi National Oil Company, Abu Dhabi Development Holding Company and US private equity fund Carlyle, had tabled an indicative cash offer of US$5.76 a share — equivalent to A$8.89 — which represented a 28 per cent premium to the company’s closing share price last week.

Bloomberg · 1d

Adnoc Makes $19 Billion Takeover Bid for Australia’s Santos

Abu Dhabi National Oil Co. made an $18.7 billion offer for Australian fossil fuel producer Santos Ltd., the latest move by the Middle Eastern company to expand production of liquefied natural gas.

1d

Santos, Adnoc poised to announce $30b deal; JPM, Allens on ticket

It comes after Street Talk reported on Sunday that Adnoc had held preliminary talks with Santos about taking a stake in the ...

7h

Santos’ Narrabri project is ADNOC’s trump card but east coast review shapes as potential spoiler

A promise to develop Santos’ Narrabri gas project for the domestic market could be the key piece of leverage that the Abu ...

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