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

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.

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

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ADNOC leads $18.7bn takeover bid for Australia’s Santos

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Factbox-Australia's Santos Targeted by ADNOC-Led Consortium

Santos is a major producer of gas for the domestic market in Western Australia, with stakes in two offshore oil fields, Van ...

1d

Adnoc’s $30bn Santos deal heeded Houston call to ‘make energy great again’

When the world’s largest gathering of energy executives landed in Houston in March, Sultan Al-Jaber had a message for the ...

2d

Abu Dhabi’s oil giant sets its sights on Santos, mulls formal tilt

The Abu Dhabi National Oil Company, known as Adnoc, has been in discussions with the ASX-listed business but has not put a ...

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