By Robb M. Stewart
MELBOURNE, Australia--Santos Ltd. (STO.AU) on Friday said Chinese private equity firm Hony Capital has confirmed it bought an additional 40 million shares, increasing its interest in the Australian oil and gas producer to about 3.2%.
Santos said it made enquiries of Hony after becoming aware of market speculation it had bought shares at a price of 3.98 Australian dollars (US$3.03) a share after the market's close Thursday, representing an 11% premium to the day's closing price.
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(END) Dow Jones Newswires
November 10, 2016 19:02 ET (00:02 GMT)
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