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

Reuters on MSN · 19h

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 · 18h

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.

GlobalData on MSN · 17h

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

Santos, an Australian oil and gas producer, has announced the receipt of a non-binding indicative proposal from a consortium led by the Abu Dhabi National Oil Company (ADNOC) to acquire all the ordinary shares of Santos through an arrangement process.

Gulf Business on MSN21h

ADNOC leads $18.7bn proposal to buy Australia’s Santos in LNG push

ADNOC, through its investment arm XRG, with Abu Dhabi Development Holding Company (ADQ) and private equity firm Carlyle has ...

1d

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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