The coalition you lead "Xrg" The uninterrupted guideline is withdrawn to acquire the acquisition "Santos"
Abu Dhabi, September 17/ WAM/ The coalition led by XRG today announced the withdrawal of the “uncomfortable guidance offer” that he presented to acquire the Australian company “Santos”.
The coalition affirmed on this occasion its positive outlook on the company “Santos” and its work, explaining that taking this decision came after a comprehensive detailed evaluation and taking into account all commercial factors and the conditions of the “implementation agreement” required by the Board of Directors of “Santos”.
Although this deal was not completed because it was not consistent with the coalition’s investment standards, “XRG” and its partners as responsible and disciplined investors continue to focus on creating and enhancing the value of shareholders and paying long -term growth.
The coalition expressed his thanks to the Santos management team for their support and assistance in this process, and to all Australian government agencies and the concerned authorities for their positive and constructive participation that strengthened the confidence of the coalition in the energy and investment system in Australia, as well as in other sites where Santos operates.
The coalition was ready to pledge new long -term obligations in the field of energy production in Australia, which contributes to achieving great benefits for Australian gas consumers and enhancing energy security in the region.
XRG, as a company that focuses on implementing long -term strategic investments, continues to explore investment opportunities that achieve additional value in areas that include gas, liquefied natural gas, chemicals, energy solutions, and the company is currently following a large number of qualitative and feasible investment opportunities.
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