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Abu Dhabi’s Adnoc makes $19bn bid to take over Australia’s Santos
Adelaide-based Santos said that XRG, comprised of the Abu Dhabi National Oil Company, Abu Dhabi Development Holding Company and US private equity fund Carlyle, had tabled an indicative cash offer of US$5.76 a share — equivalent to A$8.89 — which represented a 28 per cent premium to the company’s closing share price last week.
'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 from Australian regulators worried about local gas supply, but could win them over with pledges to speed up new projects, analysts say.
A promise to develop Santos’ Narrabri gas project for the domestic market could be the key piece of leverage that the Abu ...
The Abu Dhabi National Oil Company, known as Adnoc, has been in discussions with the ASX-listed business but has not put a ...
A protracted period of underperformance relative to its industry peers has thrust BP into the spotlight as a prime takeover ...
Abu Dhabi’s national oil company, Adnoc, is exploring the possibility of acquiring select BP assets if the British energy ...
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