Brookfield, Macquarie to exit Australia's Quadrant Energy for $2.2b
Australian oil and gas supplier Quadrant Energy has agreed to a $2.15 billion buyout offer from domestic peer Santos that will provide a full exit for its private equity backers, including Brookfield Asset Management and Macquarie Capital.
Santos will fund the acquisition through its existing cash reserves as well as a $1.2 billion debt facility, the company said in a statement. Additional contingent payments related to the recently discovered...
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