Companies & Finance

ENN Group ‘cautiously considering’ Harbour offer for Santos

China’s ENN Group, the biggest shareholder in Australia’s Santos, will “cautiously consider” a $10.3 billion takeover offer for the company
By Staff reporter 9 April 2018 0 30343

China’s ENN Group, the biggest shareholder in Australia’s Santos, will “cautiously consider” a $10.3 billion takeover offer for the company from Harbour Energy, it was reported on Monday.

ENN, which owns 10.1% of Santos, will hold initial talks with Harbour with the aim of maximising shareholder value, ENN Energy Holdings said.

The deal may not go ahead because of uncertainty over the price and timing, ENN Energy added.