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The latest announcement is out from Ampol Limited ( (AU:ALD) ).
The Australian Competition and Consumer Commission has escalated Ampol Retail Holding’s proposed acquisition of EG Group’s Australian operations to a Phase 2 review under the country’s new mandatory merger control regime, citing concerns that the deal could significantly reduce competition in fuel retailing. Regulators say combining the two large fuel retailers may substantially lessen competition at 115 EG sites and across metropolitan Brisbane, Canberra, Melbourne and Sydney, and have deemed Ampol’s offer to divest 19 sites insufficient, signaling potential delays, additional remedies or even possible blockage of the transaction with implications for fuel prices, market structure and investors watching the first major test of the new merger rules.
The most recent analyst rating on (AU:ALD) stock is a Buy with a A$35.00 price target. To see the full list of analyst forecasts on Ampol Limited stock, see the AU:ALD Stock Forecast page.
More about Ampol Limited
Ampol Limited is a major Australian fuel retailer, operating service stations and convenience stores across all states and territories, selling petrol, diesel and related convenience products to motorists and commercial customers.
Average Trading Volume: 953,201
Technical Sentiment Signal: Buy
Current Market Cap: A$6.98B
Find detailed analytics on ALD stock on TipRanks’ Stock Analysis page.