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An Abu Dhabi-led consortium withdrew its $18.7 billion bid to buy Santos, ending months of talks.
An Abu Dhabi National Oil Company (ADNOC)-led consortium, including XRG, ADQ, and Carlyle, has withdrawn its $18.7 billion takeover bid for Australia’s Santos, citing factors that affected their assessment of the offer.
The deal, which began in June, collapsed after months of negotiations, with no official reason given.
This marks the third failed acquisition attempt for Santos in three years, following previous talks with Woodside and Harbour Energy.
The consortium expressed disappointment but reaffirmed its commitment to pursuing value-driven opportunities in energy and chemicals.
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Un consorcio encabezado por Abu Dhabi retiró su oferta de 18.700 millones de dólares para comprar Santos, poniendo fin a meses de conversaciones.