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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),

Bloomberg · 2d

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.

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.

2d

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 ...

5h

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 ...

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