Ampol (ASX:ALD) has lodged its final remedy offer with the Australian Competition and Consumer Commission regarding its proposed $1 billion acquisition of EG Australia.
To address lingering competition concerns, Ampol has increased its divestment package to 41 retail sites, adding four additional locations to its initial proposal of 37.
The pivot follows what the company described as "constructive engagement" with the regulator, aimed at finalising the complex oversight process expeditiously.
The ACCC previously flagged the merger for a "phase two" review in January, citing potential impacts on local market competition.
By voluntarily offloading a larger portion of its network, Ampol seeks to mitigate these concerns and avoid further delays.
The company confirmed that discussions with potential buyers for the sites are already "materially progressed", with the intention to sell the locations as a single, coordinated package.
The proactive approach underscores Ampol's commitment to the deal, which remains a cornerstone of its domestic growth strategy.
The regulator is now bound to deliver its final phase two determination by June 5.
Should the ACCC grant clearance, Ampol anticipates completing the takeover by mid-2026, contingent on the satisfaction of remaining conditions precedent.
At the time of reporting, Ampol’s share price was $33.37.