Ampol lodges final remedy offer with ACCC over EG Australia buyout
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The news: Fuel retailer and refiner Ampol has lodged a final remedy offer with the competition regulator in relation to its proposed acquisition of EG Australia.
The numbers: The final remedy offer includes four additional sites to be divested, taking the total remedy offered by Ampol from 37 sites to 41 sites.
The context: Ampol said the move follows “constructive engagement” with the regulator, noting that it added more divested sites “with a view to finalising the regulatory process expeditiously”.
The company intends to divest the sites as a package and said it has identified and “materially progressed” discussions with potential buyers.
The Australian Competition and Consumer Commission (ACCC) said in January that the planned $1 billion buyout should be subject to a more detailed, or ‘phase two’ review.
The regulator is required to make its phase two determination by no later than 5 June. Ampol’s EG acquisition is targeted for completion in mid-2026, subject to ACCC clearance and completing other conditions precedent.
The source: ASX
