Bidder XRG says it wants ‘100pc' of Santos amid break-up speculation
Santos' Middle Eastern bidder wants to acquire all of the oil and gas producer, not just its lucrative LNG business, to support energy security in the region, dousing speculation that the buying consortium may seek to split up the assets.
The group's proposal was 'to acquire 100 per cent of Santos', said a spokesman for the consortium led by XRG, the overseas investment arm of Abu Dhabi National Oil Company, in its first public statement since the $36.4 billion bid was revealed on Monday.
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ASX slides amid concerns over Middle East escalation while miners decline
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AU Financial Review
4 hours ago
- AU Financial Review
Bidder XRG says it wants ‘100pc' of Santos amid break-up speculation
Santos' Middle Eastern bidder wants to acquire all of the oil and gas producer, not just its lucrative LNG business, to support energy security in the region, dousing speculation that the buying consortium may seek to split up the assets. The group's proposal was 'to acquire 100 per cent of Santos', said a spokesman for the consortium led by XRG, the overseas investment arm of Abu Dhabi National Oil Company, in its first public statement since the $36.4 billion bid was revealed on Monday.
AU Financial Review
5 hours ago
- AU Financial Review
Kevin Gallagher awaits Santos pay day on his private toilet
Nothing like a non-financial perk to improve job satisfaction. When it comes to maximising these, Santos CEO Kevin Gallagher is among the elite. The Scotsman has attracted a conditional $36 billion offer for the ASX-listed oil and gas company from Abu Dhabi National Oil Company and private equity firm Carlyle. It's yet to get past Jim Chalmers and the Foreign Investment Review Board.
