India, June 15 -- Santos Limited (STOSF.PK,SSLTY.PK,STO.AX) announced that on 13 June 2025, it received a final non-binding indicative proposal from a consortium led by XRG P.J.S.C.-a subsidiary of the Abu Dhabi National Oil Company-together with ADQ and Carlyle.
The proposal includes an offer to acquire all outstanding ordinary shares in Santos for US$5.76 or A$8.89 per share, representing a 28% premium to the company's last closing price of A$6.96 on the ASX as of 13 June 2025.
This latest offer follows earlier indicative proposals from the consortium, submitted on 21 March and 28 March 2025, at US$5.04 or A$8.00 and US$5.42 or A$8.60 per share, respectively.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0...