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Ampol Limited (ASX:ALD)

ALERT: Price-sensitive ASX Announcement for ALD
Current share price for ALD : $38.670 4.87 (14.41%)+
Announcement
Release
3 Jun 2026 9:21AM
Price at Release
$33.800
Full Release
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Summary
The Australian Competition and Consumer Commission (ACCC) has approved Ampol Limited's acquisition of EG Australia. As part of the acquisition process, Ampol will cash settle the scrip component of the purchase price due to its strong recent financial performance, resulting in a total cash consideration of approximately $1,115 million. In line with the ACCC's conditional approval, Ampol has agreed to divest 41 sites, with Metro Petroleum, a major independent service station franchise, selected as the buyer. The acquisition aligns with Ampol's strategic objectives to enhance its retail network and improve its fuel and convenience offerings. Ampol expects the acquisition to be completed by 30 June 2026.
Key Points
  • ACCC approves Ampol's acquisition of EG Australia.
  • Ampol to cash settle the scrip component due to strong financial performance.
  • Total cash consideration for acquisition is approximately $1,115 million.
  • Ampol to divest 41 sites as per ACCC's conditional approval.
  • Metro Petroleum selected as buyer for the divested sites.
  • Acquisition supports Ampol's strategy to enhance retail network.
  • Completion of acquisition expected by 30 June 2026.
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.