March 12, 2020 / 5:32 AM / 5 months ago

Australia's Santos to sell 25% stake in assets to SK E&S for $390 mln

March 12 (Reuters) - Australia's Santos Ltd said on Thursday it will sell 25% in Darwin LNG and BayuUndan to South Korea's SK E&S for $390 million.

The deal is conditional on the Australian oil and gas producer's $1.39 billion purchase of ConocoPhillip's northern Australia business. (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Kim COghill)

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