Santos and ENN end 'strategic relationship'

SANTOS’ large Chinese investor has dropped its stake in the company from 15% to under 10% selling the chunk for around A$785 million in an underwritten parcel. 

Santos and ENN end 'strategic relationship' Santos and ENN end 'strategic relationship' Santos and ENN end 'strategic relationship' Santos and ENN end 'strategic relationship' Santos and ENN end 'strategic relationship'

Santos MD Kevin Gallagher

The company's share price was briefly down by nearly 3% this morning.
 
The sale by ENN represented a 5.5% discount to its closing price of $7.76 per share Friday.