HomeOil and GasSantos Moves Closer to $18.7 Billion Sale with Exclusive ADNOC Talks

Santos Moves Closer to $18.7 Billion Sale with Exclusive ADNOC Talks

June 28, 2025

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Australia’s Santos has granted an ADNOC-led consortium six weeks of exclusive due diligence following a proposed $18.7 billion takeover. The offer includes participation from Carlyle and ADQ and would require 75% investor approval to proceed.

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Santos Moves Closer to $18.7 Billion Sale with Exclusive ADNOC Talks

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