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Santos buys Quadrant Energy
Aug. 23, 2018

Santos buys Quadrant Energy

Santos Ltd will buy the privately held Quadrant Energy in a $2.15 billion deal. Santos will then have access to the biggest oil field in Australia in over two decades. Santos informed that in order to leave its dividend policy unaffected, it will fund the deal in cash. Also, after this deal, the annual production of Santos will rise by 32%.

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