Finance

$18.7 billion takeover of Santos hangs in the balance

Adnoc-led XRG Consortium yet to receive approvals needed for proposed acquisition

Santos chief executive, Kevin Gallagher, on the sidelines of APPEA 2023 in Adelaide, Australia.
Santos chief executive, Kevin Gallagher, on the sidelines of APPEA 2023 in Adelaide, Australia.Photo: AMANDA BATTERSBY/UPSTREAM
Asia Bureau ChiefSingapore
Published 19 August 2025, 01:38Updated 19 August 2025, 01:38
SantosADNOCXRG ConsortiumAsia & OceaniaOceania