Australia news live: ex-NSW premier Nick Greiner to chair new committee overseeing state Liberal branch as federal intervention extended
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South Australia says support for Santos takeover bid will be contingent on ‘the state’s best interest’
Santos, Australia’s second-largest gas producer, has early backing from its board for a $30bn takeover bid by a consortium led by the Abu Dhabi National Oil Company. Shares in the oil and gas giant have soared on the news, but the deal may depend on winning over a state government, AAP reports.
Any judgments we make regarding this process will be made in the state’s best interests. Continue reading...
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