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Ampol Limited (ASX:ALD)

ALERT: Price-sensitive ASX Announcement for ALD
Current share price for ALD : $44.030 15.86 (56.30%)+
Announcement
Release
2 Mar 2026 9:38AM
Price at Release
$28.170
Full Release
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Summary
Ampol Limited has proposed the acquisition of 100% of the share capital in EG Group Australia Pty Ltd, which is being reviewed by the Australian Competition and Consumer Commission (ACCC) under Phase 2 due to concerns about competition impact. The ACCC's Notice of Competition Concerns identifies several sites where the acquisition might lessen competition. Ampol operates numerous sites across Australia and expects a significant post-transaction market share in several major cities. The ACCC is assessing the acquisition's impact at both local and metropolitan levels and is due to make a determination by June 5, 2026. Ampol remains engaged with the ACCC to address these concerns.
Key Points
  • Ampol Limited proposed to acquire 100% of the share capital in EG Group Australia Pty Ltd.
  • The ACCC issued a Notice of Competition Concerns (NOCC) related to the proposed acquisition.
  • ACCC's preliminary assessment identified 54 EG Australia sites with potential competition concerns.
  • The acquisition is subject to a Phase 2 review by the ACCC.
  • Ampol operates 576 sites under the Ampol brand and 46 under the U-GO brand.
  • Ampol's post-transaction market share is expected to be 21% in Brisbane, 19% in Melbourne, 20% in Sydney, and 31% in Canberra.
  • ACCC's concerns include geographic proximity and market overlap between Ampol and EG Australia sites.
  • Ampol and EG have an opportunity to address the ACCC's concerns before the final determination.
  • The competitive effects of the acquisition are assessed at both local and metropolitan levels.
  • The ACCC is continuing to review metropolitan-wide effects of the transaction in major Australian cities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.