Santos’ limited share of Australian gas supply and the government’s track record on foreign investment approvals suggest scepticism around approval of the oil and gas producer’s Abu Dhabi-led bid is misplaced and the $36.4 billion takeover will proceed.
That is according to analysis from Barrenjoey, which deems concerns around the risk of the Foreign Investment Review Board scuppering the proposed takeover as “low” and says approval is “more likely than not”.
Source: https://www.afr.com/companies/energy/firb-risk-around-santos-takeover-deemed-low-20250624-p5m9tj