Santos today announced it had received the necessary clearance from the Independent Consumer and Competition Commission (ICCC) of Papua New Guinea in order to implement the proposed merger with Oil Search.
The condition set out in clause 3.1(e) of the Merger Implementation Deed released to ASX on 10 September 2021 has now been satisfied.
The Scheme of Arrangement to implement the merger remains subject to approval from the National Court of Papua New Guinea at a hearing scheduled for 9 December 2021.
