International Companies

Adnoc moves on Australia's Santos in $19bn bid

By Abigail Townsend

Date: Monday 16 Jun 2025

(Sharecast News) - The Abu Dhabi National Oil Company has approached Australian gas producer Santos Limited about a potential $19bn takeover, it was confirmed on Monday.
Santos said a consortium led by XRG, a subsidiary of Adnoc, had made a non-binding indicative offer of $5.76 per share. Other members of the...

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