Category: Santos

ADNOC-Led Consortium Gets More Time on $18.7bn Santos Bid

Australia’s second-largest independent gas producer Santos has agreed to extend the exclusivity period for a $18.7 billion takeover bid from a consortium led by Abu Dhabi National Oil Company (ADNOC), according to Reuters. The due diligence deadline has also been pushed for a month to September 19, giving ADNOC’s investment arm XRG and its partners […]

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XRG-Led Consortium Proposes $19B Acquisition of Santos Energy

A consortium led by ADNOC’s (Abu Dhabi National Oil Company) subsidiary, XRG, including the International Energy Investment Company, ADQ (Abu Dhabi Development Holding Company), and global investment firm Carlyle, has submitted a non-binding indicative proposal to acquire global energy company Santos at a cash offer of $5.76 per share, valuing the deal at $19 billion. […]

The post XRG-Led Consortium Proposes $19B Acquisition of Santos Energy first appeared on Egypt Oil & Gas.

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