ACCC makes first Phase 2 merger referral

The ACCC has referred Ampol’s proposed acquisition of EG Group Australia and EG AsiaPac Holdings to phase 2 for in depth assessment.

In its media release the ACCC notes that the acquisition would combine two major fuel retailers and that they have identified 115 EG sites where the acquisition could substantially lessen competition in local markets. The ACCC also has concerns that the acquisition could substantially lessen competition in metro Brisbane, Canberra, Melbourne and Sydney.

Submissions in response to Phase 2 are due by 4 Feb 2026.

See media release.

See acquisition register.