Finance

Adnoc-led consortium swoops on Santos in US$18.7 billion takeover offer

Australian company’s board intends to recommend that shareholders accept proposal in the absence of a superior offer

Santos chief executive, Kevin Gallagher.
Santos chief executive, Kevin Gallagher.Photo: ANDREW BEVERIDGE/APPEA
Kuala Lumpur/Oslo
Published 16 June 2025, 00:10Updated 16 June 2025, 07:54
SantosADNOCXRG ConsortiumSaudi AramcoAustralia