Key facts
- Ampol has received regulatory approval to acquire EG Australia.
- The acquisition is a cash-settled deal.
- The approval was granted by Australia's competition regulator.
Australian refiner and retailer Ampol has secured the necessary regulatory approval to proceed with its acquisition of EG Australia, a fuel retailer previously owned by a UK entity. The competition regulator in Australia has given the green light for the transaction, which is structured as a cash-settled deal.