Adnoc’s XRG withdraws $18.7bn offer for Australia’s Santos

In:

Oil & gas

Region:

Middle East & Africa, Asia-Pacific

Adnoc subsidiary XRG, together with Abu Dhabi Development Holding Company (ADQ) and Carlyle, has withdrawn its $18.7 billion offer to acquire Australian energy player Santos. The consortium stated that after comprehensive evaluation and review of all commercial factors and the terms set forth...

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