Business
Santos hit by Chinese sell-down – The Australian Financial Review
A $785 million share sale in Santos by China’s ENN Group comes amid worsened trade relations between Australia and China.
The move comes amid strained diplomatic relations between Australia and China that has damaged Australias export trade in several commodities including coal, wine and barley. Woodside Petroleum has also advised that Chinese parties pulled out of a sale process for a stake in its Scarborough gas project in Western Australia. and that Chinese LNG buyers potentially interested in buying LNG from the project would need approval from Beijing to go ahead.
A Santos spokesman said the sell-down was definitely…
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