11:45 - 18.09.2025

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September 18, Fineko/abc.az. A consortium led by Abu Dhabi National Oil Co. (ADNOC) has withdrawn an offer to buy Australia's Santos for $18.7 bn after months of scrutiny.

ABC.AZ reports that this is the third unsuccessful attempt at a deal with the company.

The value of Santos shares decreased by 0.5% following the trading in Sydney on Wednesday.
However, since the beginning of this year, Santos' market capitalization has increased by 14.5%, while the S&P/ASX 200 stock index has grown by 8%.