Australia's Santos rejects $5.1b bid from fund backed by Brunei & UAE royal families

Australia's Santos rejects $5.1b bid from fund backed by Brunei & UAE royal families

Photo by khunaspix. Image ID: 100301036 (freedigitalphotos.net)

Embattled Australian oil and gas producer Santos Ltd on Thursday rejected a A$7.1 billion ($5.1 billion) takeover proposal from a fund backed by the ruling families of Brunei and the United Arab Emirates.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter