EG Group Sells Off £500m Australia Business in Further Debt-Clearing Move

Ampol to Acquire About 500 Petrol Stations in $1.1 Billion Deal

Ampol will purchase EG Group’s Australian operations in a transaction worth AU$1.1 billion, expanding its service station network across the country. The deal will give Ampol control of around 500 fuel and convenience sites currently operated by EG Australia, a subsidiary of the British-owned EG Group. As per Reuters, the acquisition will be funded through AU$800 million in cash, sourced from existing debt, and approximately AU$250 million from …

EG Group sells off £500m Australia business in further debt-clearing move

Blackburn’s EG Group has sold its Australian business for a sum of more than £500 million to petroleum giant Ampol.

Ampol Surges as Analysts Upbeat on A$1.1 Billion Gas Station Buy

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Ampol shares rip 9% higher on $1.1 billion acquisition news

Ampol Ltd (ASX: ALD) shares are up by 9.45% to $29.64 after the company announced a $1.1 billion acquisition last night. The ASX 200 energy share went into a trading halt yesterday, which froze the Ampol share price at $27.08. It seems investors are excited about the deal, given the trajectory of Ampol shares at the time of writing today. Let's check out the details of the acquisition. Ampol shares roar on acquisition of EG Australia Ampol annou…

EG sells £530m Australia business ahead of possible IPO – Northern Financial Review

Blackburn-based petrol forecourt and convenience retail giant EG Group said on Thursday it agreed to sell its Australian business for roughly £530 million to petroleum firm Ampol. The sale is EG Group’s second disposal this week as the firm moves to slash its debt — ahead of a possible stock market listing in the US. EG Group is owned by brothers Zuber and Mohsin Issa and private equity group TDR Capital. On Tuesday the Blackburn firm said it ag…

EG Group Makes Second Disposal In A Week

Days after announcing the disposal of its operations in Italy, Blackburn-headquartered forecourt and convenience site operator EG Group has announced that it has entered into an agreement to sell its Australian business to local firm Ampol. The transaction values EG (more…) The post EG Group Makes Second Disposal In A Week appeared first on KamCity.