The Ampol Ltd (ASX: ALD) share price is in focus today as the company moves closer to completing its proposed acquisition of EG Australia, with a formal remedy offer submitted to the ACCC and a total of 41 sites now committed to divestment.
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What did Ampol report?
- Final remedy offer lodged with the ACCC to progress EG Australia acquisition
- Total of 41 sites proposed for divestment, up from the previously offered 37
- Ongoing constructive engagement with ACCC regulators
- Discussions with prospective buyers for the divested sites have materially advanced
What else do investors need to know?
Ampol's move to add four more sites to the divestment pool comes after further negotiation and engagement with the ACCC. The company aims to address competition concerns and accelerate regulatory approval.
The ACCC is expected to deliver its Phase 2 determination by 5 June 2026, though this deadline may be extended up to 15 business days. Subject to clearance and meeting other requirements, Ampol is targeting a mid-2026 completion date for the transaction.
What's next for Ampol?
Looking ahead, Ampol remains committed to finalising its acquisition of EG Australia, pending ACCC approval. The company is already well advanced in discussions to sell the divested sites as a package.
Investors will be watching regulatory outcomes closely, as well as Ampol's post-acquisition integration plans and progress on strategic priorities in the fuel and convenience retailing sector.
Ampol share price snapshot
Over the past 12 months, Ampol shares have risen 47%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 12% over the same period.
