AXX: Ampol's acq of EG Australia approved with conditions

• Ampol's acquisition of EG Australia approved by ACCC
• Ampol must divest 41 retail fuel sites to ACCC-approved purchaser
• Metro Petroleum selected as purchaser for divested sites

The Australian Competition and Consumer Commission (ACCC) has approved Ampol Ltd's acquisition of EG Australia, subject to conditions. Ampol, a major fuel and convenience retailer, will divest 41 retail fuel sites to Metro Petroleum to address competition concerns. The ACCC was concerned that the acquisition could substantially lessen competition in 39 local markets where Ampol and EG Australia sites overlap. The divestiture is expected to create a strong, independent competitor in the affected markets.