Ampol's $1.1b EG Acquisition Approved

Australia approves Ampol's $789 million acquisition of EG Australia

Australia's competition watchdog on Wednesday approved Ampol's A$1.1 billion ($789.47 million) acquisition of EG Australia, the local ​arm of Britain's EG Group, subject to the ‌divestment of 41 Ampol retail fuel sites.

Ampol wins nod for $1.1b EG service stations deal

Fuel retailer Ampol has agreed to offload dozens of service stations across the country to win approval for a $1.1 billion takeover of rival EG Australia that will take its network to more than 1000.

Ampol to grow U-Go discount chain after getting tick for EG deal

About 125 sites will be converted to the self-serve model, which has thrived as motorists hunt for cheaper fuel during the Middle East crisis.

ACCC approves Ampol’s $1B buyout of EG Australia with divestitures

Save (0) Please login to bookmarkClose Username or Email Address Password Remember Me The ACCC has signed off on Ampol’s $1.1 billion acquisition of fuel and convenience retailer EG Australia after it agreed to sell off some of its fuel sites, the first deal cleared under a complex phase two review. Subscribe to Lawyerly to access this article.Already a subscriber? Username or Email Address Password Remember Me …

Fuel merger approved – with a catch

The ACCC has approved Ampol’s acquisition of EG Australia after securing a commitment from the fuel retailer to divest 41 service stations.

ACCC clears Ampol’s EG Australia takeover subject to divestments

Ampol’s proposed acquisition of EG Australia has been cleared by the Australian Competition and Consumer Commission (ACCC) after securing a commitment from the fuel retailer to divest 41 service stations across five states. The regulator said the divestments would address competition concerns in local fuel markets where the combined business could otherwise reduce consumer choice and weaken price competition. To secure approval, Ampol committed …