SYDNEY -- Australian oil and gas company Santos announced Monday that it has received a takeover offer worth $18.7 billion from a consortium led by international energy investment company XRG, a subsidiary of Abu Dhabi's state-owned oil company ADNOC.
Business deals
Abu Dhabi's ADNOC launches $18.7bn takeover bid for Australia's Santos
Oil and gas major's board to recommend stakeholders approve consortium-led offer
The board of Australian oil and gas company Santos wants stakeholders to vote in favor of a takeover offer from a consortium led by international energy investment company XRG. (Nikkei montage/Source photos by AP and Getty Images)
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