Ampol sweetens remedy offer to win regulator nod for EG Australia deal

Ampol

08/04/2026 10:28

April 8 (Reuters) -
Australian fuel retailer Ampol ALD.AX said on Wednesday it had filed a revised remedy proposal with the competition regulator to address concerns over its A$1.1 billion ($774.95 million) takeover of EG Australia, the local arm of Britain's EG Group.

Here are some details:

The Australian Competition & Consumer Commission (ACCC) had determined on January 21 that the deal should be subject to a more detailed (phase 2) review.

Ampol has offered to sell 37 sites in its revised remedy offer, up from 19 sites in the original proposal.

The fuel retailer believes selling these sites will "fully address" any remaining competition concerns ACCC may hold.

The firm has also identified and materially progressed discussions with buyers for the sites proposed for divestment, it said.

The deal, subject to approval from the ACCC, will also mark EG Group's exit from Australia; EG had entered the country in 2019 after buying the petrol business of supermarket chain operator Woolworths WOW.AX for $1.25 billion.

Ampol expects the ACCC's phase 2 determination date to be June 5.

($1 = 1.4194 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru; Editing by Sahal Muhammed)

 ((Shivangi.Lahiri@thomsonreuters.com;))