A look inside the broken Santos-XRG deal episode artwork

EPISODE · Sep 30, 2025 · 16 MIN

A look inside the broken Santos-XRG deal

from Dealcast: The M&A Podcast

Simon Segal, Mergermarket’s Australia director, joins Dealcast host Julie-Anna Needham to discuss the behind the scenes of the deal, including:Why the deal fell apart, looking at potential regulatory factors, foreign investment dynamics, and the landscape of Australia’s guarded domestic energy sector;Which other bidders have tried and failed to purchase Santos and why;What could be next for Santos, including which assets shareholders may look for it to spin out and, conversely, which upcoming facilities could burgeon the business.All this and more in this week’s Dealcast.

Episode metadata supplied by the publisher feed · Published Sep 30, 2025

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A look inside the broken Santos-XRG deal

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