ACCC Approves Ampol's Acquisition of EG Australia
| Stock | Ampol Ltd (ALD.ASX) |
|---|---|
| Release Time | 3 Jun 2026, 9:21 a.m. |
| Price Sensitive | Yes |
ACCC Approves Ampol's Acquisition of EG Australia
- ACCC approves Ampol's acquisition of EG Australia
- Ampol to sell 41 sites to Metro Petroleum
- Transaction expected to complete on 30 June 2026
- Ampol to cash settle the scrip component
- Expected synergies of $65-80 million
Ampol Limited (ASX:ALD) has received approval from the Australian Competition and Consumer Commission (ACCC) for its acquisition of EG Australia. The approval is conditional on Ampol divesting 41 sites, which will be sold to Metro Petroleum. Ampol has chosen to cash settle the scrip component of the purchase price, resulting in a net cash consideration of approximately $1,115 million. The transaction is expected to complete on 30 June 2026, subject to the satisfaction of certain conditions precedent. Ampol anticipates significant synergies from the acquisition, with targeted synergies of $65-80 million.
Expected completion on 30 June 2026, net cash consideration of $1,115 million
Ampol expects the acquisition to deliver attractive earnings and cash flow per share accretion metrics, and targeted synergies of $65-80 million.