Ampol Rises After it Offers to Divest More Sites in EG Australia Deal

MT Newswires Live
04/09

Ampol (ASX:ALD) shares were rising nearly 4% in recent Thursday trading after the company said late Wednesday it has filed a revised remedy offer with the Australian Competition & Consumer Commission for its proposed acquisition of fuel and convenience retailer EG Australia.

The revised remedy offer, lodged on Tuesday, includes the divestment of 37 sites, representing an increase of 18 sites to the initial 19 sites in the original remedy offer, according to an Australian bourse filing.

Ampol has progressed talks with buyers for the sites to be divested, and believes the revised remedy "will fully address any remaining competition concerns the ACCC may hold."

The regulator's phase 2 determination date is expected to be June 5, and if cleared, the deal is targeted to close in mid-2026, Ampol said.

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