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Follow today’s news liveGet our breaking news email, free app or daily news podcastSouth Australia says support for Santos takeover bid will be contingent on ‘the state’s best interest’Santos, Australia’s second-largest gas producer, has early backing from its board for a $30bn takeover bid by a consortium led by the Abu Dhabi National Oil Company. Shares in the oil and gas giant have soared on the news, but the deal may depend on winning over a state government, AAP reports.Any judgments we make regarding this process will be made in the state’s best interests. Continue reading...
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South Australia says support for Santos takeover bid will be contingent on ‘the state’s best interest’
Santos, Australia’s second-largest gas producer, has early backing from its board for a $30bn takeover bid by a consortium led by the Abu Dhabi National Oil Company. Shares in the oil and gas giant have soared on the news, but the deal may depend on winning over a state government, AAP reports.
Any judgments we make regarding this process will be made in the state’s best interests. Continue reading...
