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ADNOC, Santos and Australia

Reuters on MSN · 4d

Australia's Santos receives $18.7 billion takeover bid from ADNOC-led consortium

By Scott Murdoch (Reuters) -Australian oil and gas producer Santos said on Monday it intended to support an $18.7 billion takeover bid from an international consortium led by Abu Dhabi's National Oil Company (ADNOC).

Financial Times · 3d

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.

Bloomberg on MSN · 7h

Adnoc’s $19 Billion Santos Bid Exposes Australian Energy Dilemma

One of the biggest foreign takeovers in Australian history will force regulators and politicians to weigh who controls critical energy infrastructure against the need to address a looming domestic gas shortfall.

2d

'Deep Pockets' Could Help Abu Dhabi Win Regulatory Approval for Santos Bid, Analysts Say

SYDNEY (Reuters) -Abu Dhabi National Oil Company, preparing an $18.7 billion bid for Santos, is likely to face close scrutiny ...

4don MSN

Australia's Santos backs $18.7 billion takeover bid from ADNOC-led consortium

By Scott Murdoch (Reuters) -Australian oil and gas producer Santos said on Monday it intended to support an $18.7 billion ...

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