Woodside Energy and Santos confirm merger talks
By Michele Maatouk
Date: Thursday 07 Dec 2023
(Sharecast News) - Australian oil and gas firms Woodside Energy and Santos confirmed on Thursday that they are in discussions about a potential merger.
Responding to press speculation, Woodside said: "Discussions remain confidential and incomplete, and there is no certainty that the discussions will lead to a transaction.
"As a global energy company, Woodside continuously assesses a range of opportunities to create and deliver value for shareholders."
In a separate statement, Santos said it was assessing a range of alternative structural options "with a view to unlocking value as referred to on Santos' investor day on 22 November 2023".
Santos said the consideration of any merger is at an early stage and there is no agreement between the parties.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN