Abu Dhabi’s Adnoc Bids $19bn to Take over Australia’s Santos

Santos gets $18.7B takeover offer from ADNOC-led consortium

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

The consortium's offer follows two undisclosed proposals in March. 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. The consortium, which includes ADNOC’s investment arm XRG, Abu Dhabi Development Holding Company (ADQ) and private equity firm Car…

ADNOC Led Consortium Bids to Take Over Australian Gas Giant

Australia’s Santos has said it would accept an $18.7-billion takeover offer made by a consortium led by Emirati Adnoc, which values the company’s stock at a 28% premium to its closing price last Friday. The Emirati energy giant, acting through its investment arm XRG, teamed up with Abu Dhabi Development Company and private equity major Carlyle on the offer, which is motivated by Adnoc’s global gas expansion plans. Santos operates two large LNG f…

Abu Dhabi state oil firm makes US$18.7 billion bid for Australia's Santos

SYDNEY: Abu Dhabi's state-owned oil company is leading a takeover bid for Australian energy group Santos, valuing it at US$18.7 billion, the two firms said Monday. © New Straits Times Press (M) Bhd

Abu Dhabi's ADNOC launches $18.7bn takeover bid for Australia's Santos

SYDNEY -- Australian oil and gas company Santos announced Monday that it has received a takeover offer worth $18.7 billion from a consortium led by in

Australia's Santos receives $18.7 bln takeover offer from ADNOC-led ...