ADNOC has ‘substantially completed’ work on Santos bid, wins extension

Abu Dhabi National Oil Company and its partners have secured an additional two weeks to finalise their $36.4 billion takeover bid for Santos.

The extension until August 22 comes amid persistent speculation over whether the Middle Eastern sovereign bidder will be able to secure approval from the Foreign Investment Review Board for the acquisition of Australia’s second-biggest oil and gas producer.

Source: https://www.afr.com/companies/energy/adnoc-has-substantially-completed-work-on-santos-bid-wins-extension-20250808-p5mlcy