energy loss
XRG consortium’s $19 billion bid for Australia’s Santos fails
Santos shares plunged in trading on Sydney’s ASX, wiping some $2 billion off the company's market value after the takeover negotiations fell apart
Fairfax Media via Getty Images
The Santos-owned Moomba petroleum and natural gas plant in South Australia's Cooper Basin
Add The Circuit on GoogleXRG, the lower-carbon global investment arm of Abu Dhabi’s national oil company ADNOC, has walked away from a $19 billion takeover bid for Australian energy company Santos after the parties failed to agree on key terms.
Santos shares fell...
