Australia's Ampol rises on final remedy offer for EG Australia deal, solid output

Ampol

23/04/2026 01:34

** Shares of Australia's Ampol ALD.AX rise as much as 2.8% to A$33.73, extending gains to a second session

** The fuel retailer tops its final remedy offer to the Australian Competition & Consumer Commission after the competition regulator had expressed concerns over its takeover of EG Australia, the local arm of Britain's EG Group

** Submits final remedy offer that lifts the number of proposed sites company would divest to 41, citing that it plans to divest the sites as a package and has made progress with potential buyers

** Subject to regulatory approval, company expects deal to be completed in mid-2026.

** Shares close 3.8% higher on Wednesday after company reported Q126 Lytton Refiner Margin (LRM) of $25.45 per barrel, over 4x last year's $6.07 per barrel

**  YTD, shares up 5.5%

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))