Ampol at nearly 7-month high; Jefferies backs $719 mln EG Australia deal

Ampol

15/08/2025 01:09

Updates

** Fuel retailer Ampol ALD.AX jumps as much as 9.1% to A$29.52; marks strongest trading session since May 2021

** Stock hits highest since late January

** Jefferies draws parallels between Ampol's $718.9 mln EG Australia deal and $1.3 bln takeover of Z Energy back in 2021

** Says EG deal offers similar strong strategic rationale, given substantial synergies, opportunity for conversion into self-service fuel stations

** Adds co's board shown financial discipline and patience again, paying sensible price, employing pragmatic capital structure

** EG Group, a global operator of fuel and convenience sites, bought Woolworths' WOW.AX network of ~540 service stations for A$1.73 bln ($1.12 bln) in April 2019

** YTD, ALD gains 4.1%

($1 = A$1.5399)

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com))