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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.
SYDNEY (Reuters) -Abu Dhabi National Oil Company, preparing an $18.7 billion bid for Santos, is likely to face close scrutiny ...
It comes after Street Talk reported on Sunday that Adnoc had held preliminary talks with Santos about taking a stake in the ...
A promise to develop Santos’ Narrabri gas project for the domestic market could be the key piece of leverage that the Abu ...
UBS says the offer is “a potential solution” to the east coast’s long term gas supply challenges, but others are urging caution.
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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