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Investors cheer Santos shares on talk of Woodside merger

The companies have confirmed discussions to merge and create a new company valued at A$80b.

The merged company would have more than 70% of its assets in LNG.

Shares in Adelaide-based oil and gas producer Santos spiked more than 6% on the ASX today as the market digested news that the company was exploring a merger with rival Woodside Energy.

The two companies yesterday confirmed they were in “preliminary discussions” on the move, which would be a

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Lachlan Colquhoun Fri, 08 Dec 2023
Contact the Writer: lachlan@nbr.co.nz
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Investors cheer Santos shares on talk of Woodside merger
Australia,
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