SANTOS STOCK SLUMPS AS $18.7 BILLION ADNOC-LED DEAL COLLAPSES
https://media.zenfs.com/en/reuters-finance.com/fba08cc89d628aae3e5303f67c742b96
✍️ Santos' shares fell 14% after a consortium led by Abu Dhabi National Oil Company scrapped its $18.7 billion bid for the company, citing commercial terms that couldn't be agreed.
👉 Santos' shares fell 14% after the deal was scrapped 👉 The consortium led by Abu Dhabi National Oil Company cited commercial terms that couldn't be agreed 👉 Disagreements over capital gains tax payments on Santos' assets in Papua New Guinea were a key factor 👉 Investors are optimistic about the company's future prospects 👉 Two projects due to start producing soon in Australia and Alaska are expected to benefit the company
-- #AndyForster #RomanoSalaTenna #AdamMartin #KeithSpence #ScottMurdoch #ChristineChen #Australia #Alaska #PapuaNewGuinea #Sydney #business
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