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Ampol Limited (ASX:ALD)

ALERT: Price-sensitive ASX Announcement for ALD
Current share price for ALD : $35.290 1.49 (4.41%)+
Announcement
Release
3 Jun 2026 8:59AM
Price at Release
$33.800
Full Release
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Summary
The Australian Competition and Consumer Commission (ACCC) has approved Ampol Retail Holding Pty Ltd's acquisition of EG Group Australia and EG AsiaPac Holdings under the condition that Ampol divests 41 fuel retail sites across Australia. This decision was made to prevent a substantial lessening of competition in the local markets where Ampol and EG Australia operate overlapping sites. The purchaser approved for these sites is Dib Group, which operates under the Metro Petroleum brand. The ACCC's approval process involved a detailed examination of the potential impacts on competition and the broader retail fuel supply market. The divestment aims to maintain competitive market conditions and ease community concerns about fuel prices.
Key Points
  • ACCC approved Ampol's acquisition of EG Australia with conditions.
  • Ampol to divest 41 retail fuel sites to Metro Petroleum.
  • Decision aimed at preventing reduced competition in local markets.
  • Approval process involved a detailed market competition assessment.
  • The divestment is intended to maintain competitive conditions.
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.