XRG consortium withdraws $5.6 billion takeover bid for Santos
ADELAIDE: A consortium led by Abu Dhabi’s XRG P.J.S.C. has withdrawn its non-binding $5.6 billion proposal to acquire Australian energy firm Santos Ltd (ASX: STO), ending months of negotiations over a potential cash scheme of arrangement. The consortium, which included Abu Dhabi Development Holding Company and private equity firm Carlyle, cited regulatory risks and delays…