Publication Name: PESA Gazette
Authors: Helen Debenham
Publication Issue: September 2025
Date Published: September 2025
Number of Pages: 3
https://doi.org/10.36404/LIAP3839
Abstract:
In a bold strategic maneuver, Abu Dhabi’s state-owned oil giant, ADNOC—via its international arm XRG, in partnership with ADQ and global private equity firm Carlyle—is pursuing the acquisition of Australia’s Santos Ltd. The A$30 billion (US$18.7–19 billion) all-cash bid, unveiled in mid-June 2025, emerges as the largest takeover proposal in Australian corporate history.