Fuel giant Ampol (ASX:ALD) has increased its proposed asset sales to 37 sites in a revised bid to satisfy competition regulators regarding its acquisition of EG Australia.
The updated remedy package, submitted to the Australian Competition and Consumer Commission on April 7, nearly doubles the initial offer of 19 sites following specific antitrust concerns raised in March.
In a formal statement, Ampol maintained that the expanded divestment plan would "fully address" any remaining local competition issues, clearing the path for the merger.
The ACCC has commenced a public consultation period on the new proposal, with a final determination scheduled for June 5.
Should the deal receive regulatory approval, completion is currently targeted for mid-2026.