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Business

New takeover bid for Santos

Santos says it is in shareholders’ interests for it to “engage further” with a renewed bid by a US private equity firm to take over the South Australian-based oil and gas giant.

Business

Santos cuts its losses

Adelaide headquartered oil and gas producer Santos has reported a full-year loss of $US360 million ($A456.8 million) due to impairments on its Gladstone LNG project in Queensland and other assets recorded in the first half of 2017.