Corporate Strategy

Santos receives takeover offer from Abu Dhabi-led consortium

Santos has received a non-binding $8.89 per share cash offer from the XRG Consortium, led by XRG P.J.S.C., a subsidiary of Abu Dhabi National Oil Company (ANDOC), alongside Abu Dhabi's sovereign wealth fund ADQ and US private equity firm Carlyle.

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Read more: SantosAbu Dhabi National Oil CompanyADQCarlyleCoalitionJames PatersonForeign Investment Review BoardGoldman SachsHerbert Smith Freehills KramerJB North