Key facts
- Ampol shares climbed following regulatory approval.
- The competition regulator approved Ampol's takeover of EG Australia.
- The approval removes a significant obstacle for Ampol's acquisition plans.
Ampol's shares saw an increase in value after the Australian competition regulator granted approval for its proposed acquisition of EG Australia. This regulatory clearance is a crucial step forward, removing a significant obstacle for Ampol's strategic move to take over the major fuel retailer. The deal is now closer to completion, following this key approval.