Business
In this week’s briefcase, SA’s mining and energy sector drives the state’s exports to record levels, Haigh’s Chocolates announces it will open a store at Westfield Marion and the ACCC allows a merger between three of Australia’s biggest electronic payments providers.
Business
A merger between Santos and Oil Search has been approved, creating a ‘regional champion’ in the oil and gas industry with a value of $21 billion.
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A proposed $21 billion union between South Australia’s biggest company Santos and Oil Search is back on track after the two oil and gas producers today announced they had reached an agreement on the merger ratio.
In this week’s briefcase, Greater Adelaide’s jobless rate hits 5 per cent, switchroom manufacturer Mayfield Group Holdings lands a $10 million contract and Santos reports record sales figures for the June quarter.
Santos will push ahead on a merger bid to gain a greater presence in Papua New Guinea and create a $21 billion company with Oil Search, despite an initial rejection.
Record copper sales and soaring gold and iron ore prices in the second half of 2020 has helped South Australia reach its second-highest year of mining value, latest state government figures show.
