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News

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

Reuters on MSN · 2d
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 · 2d
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.
Arabian Business · 16h
Santos acquisition could make ADNOC one of world’s top four LNG producers
Bernstein analysts tell Bloomberg that ADNOC will rival American oil giants Shell and Exxon Mobil in terms of LNG production and exports
16h
Santos deal wins L1 Capital’s nod as Abu Dhabi suitor ADNOC spruiks supply
Top Santos shareholder L1 Capital has backed the $30bn takeover mounted by Abu Dhabi’s ADNOC for the Australian energy ...
3d
Santos’ $36b mega deal creates a mega test for Jim Chalmers
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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