ADNOC-led consortium makes $18.7bn takeover bid for Santos

Australian energy major Santos has received a non-binding takeover proposal from a consortium led by the Abu Dhabi National Oil Company (ADNOC). The takeover offer by a consortium of ADNOC subsidiary XRG, Abu Dhabi Development Holding Company, and Carlyle received early endorsement from the Santos board. The proposal is for the acquisition of all the …

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