Ampol to acquire an Australian business of EG Group for AUD1.1bn.

Ampol, a transport fuels and convenience retailer, agreed to acquire an Australian business of EG Group, a global convenience and forecourt retailer, for AUD1.1bn. "The proposed EG Australia acquisition makes sense for Ampol. It is a business and market we understand well through more than 5 years of commercial relationship. We are uniquely placed to leverage our demonstrated capability as a known and trusted brand in fuel and convenience retailing to integrate the business smoothly and realise the value offered through this investment," Matt Halliday, Ampol Managing Director and CEO.