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ADNOC-Led Consortium Withdraws $18.7 Billion Bid for Santos

The Abu Dhabi National Oil Company and partners have abandoned their planned acquisition of Australian energy firm Santos.

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Terms & Concepts
  • Acquisition: The process in which one company purchases most or all of another company's shares or assets to gain control.
  • Consortium: A group of companies or organizations that work together on a joint project or investment.