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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Two days before the deadline for a deal, the consortium led by the oil major’s investment arm withdraws its offer for the oil and gas firm
قصص آنية ومفصلة ومكتوبة بعناية من المنطقة
Timely, detailed and well-written stories from the region
The Abu Dhabi National Oil Company has ended its pursuit of Australian oil and gas producer Santos—after initially proposing a takeover valued at nearly $19 billion—citing multiple factors, Bloomberg and Financial Review reported on Wednesday.
The bid, which included state investment firm ADQ and American private equity giant Carlyle, was led by ADNOC’s XRG, the newly set up subsidiary of the Emirati oil major for its international investments and acquisitions. In June, the consortium offered $18.7 billion in cash to buy Santos at $5.76 a share.
The deal, if it had gone through, would have placed ADNOC—which largely stuck to …
آراء حول أحدث التطورات في الأعمال والاقتصاد من محرر الشرق الأوسط
Views on the latest happenings in business and economy from our ME Editor
