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An update from Ampol Limited ( (AU:ALD) ) is now available.
Ampol Limited has announced a Share Purchase Agreement to acquire EG Australia for $1.1 billion, aiming to expand its retail network by approximately 500 sites. This acquisition is expected to accelerate Ampol’s growth strategy, enhance its convenience retail offerings, and deliver significant financial synergies. The transaction, subject to ACCC approval, will be funded through a mix of debt and Ampol shares, with the company maintaining its investment-grade credit rating. The integration is projected to increase earnings from convenience retail and marketing activities, supporting Ampol’s strategic goals and benefiting stakeholders.
The most recent analyst rating on (AU:ALD) stock is a Buy with a A$31.40 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 prominent player in the fuel and convenience retail industry, offering products under the Ampol Foodary and U-GO brands. The company focuses on expanding its retail presence and enhancing customer experience through strategic acquisitions and partnerships.
Average Trading Volume: 790,940
Technical Sentiment Signal: Hold
Current Market Cap: A$6.49B
For an in-depth examination of ALD stock, go to TipRanks’ Overview page.