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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.
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Source link : https://www.theguardian.com/australia-news/live/2025/jun/17/australia-news-live-anthony-albanese-g7-donald-trump-war-defence-aukus-trade-tariffs-south-korea-nato-china-nsw-liberal-party-ntwnfb
Author : Cait Kelly (now) and Nick Visser (earlier)
Publish date : 2025-06-17 06:15:00
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