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Adnoc's XRG aims to buy Australian energy firm
Gulf News
|June 17, 2025
XRG consortium includes Abu Dhabi investment firm ADQ and Carlyle
Adnoc's investment platform XRG along with Abu Dhabi investment giant ADQ is making a move to buy the Australian energy company Santos.
Carlyle, the global investment firm, is the other member of the consortium alongside XRG and ADQ that’s made a 'final' non-binding proposal to buy all of the ordinary shares of Santos Ltd.
Offer price
The offer price is set at $5.76 per share in cash.
The Santos' Board of Directors plans to 'unanimously' recommend the XRG consortium's proposal to Santos shareholders in the 'absence of a superior proposal'. And 'subject to an independent expert concluding and continuing to conclude that the proposal is fair and reasonable and in the best interests of Santos shareholders', said a statement.
यह कहानी Gulf News के June 17, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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