June 03, 2026 [Reuters]- Australia’s competition watchdog on Wednesday approved Ampol’s A$1.1 billion ($789.47 million) acquisition of EG Australia, the local ​arm of Britain’s EG Group, subject to the ‌divestment of 41 Ampol retail fuel sites.

Here are some details:

• The Australian Competition & Consumer Commission (ACCC) approved Ampol Retail Holding’s acquisition of EG ​Group Australia and EG AsiaPac Holdings, together ​known as EG Australia.
• Ampol and EG Australia are ⁠both retailers of fuel, including petrol and diesel, and ​convenience products in all Australian states and territories.
• The regulator ​had raised concerns in January, stating the deal could materially reduce competition, and determined that the deal should be subject to a ​more detailed review.
• During the commission’s phase 2 assessment, Ampol increased ​its offer to divest 41 retail fuel sites, compared with the ‌19 ⁠sites proposed earlier.
• ACCC has approved Dib Group (Metro Petroleum) as the buyer for these sites and granted a notification waiver for the purchase to implement the divestiture without ​further approvals ​or delays.
• Ampol said ⁠it expects the transaction to complete on June 30, 2026.
• The takeover deal, if completed, ​would mark EG Group’s exit from Australia. ​The British ⁠petrol retailer entered the market in 2019 after buying supermarket chain operator Woolworth’s fuel business for $1.25 billion.
• Shares of ⁠Ampol ​rise as much as 3.1% in ​early trade to hit their highest since May 25.