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Ampol–EG Australia deal raises antitrust concerns, referred to Phase 2 review

By Saloni Sinha ( January 21, 2026, 05:54 GMT | Insight) -- Australia’s competition watchdog has escalated Ampol’s proposed acquisition of EG Australia to a Phase 2 review, warning the deal could substantially lessen competition in retail fuel markets. The Australian Competition & Consumer Commission said it identified 115 local markets where the companies operate overlapping sites and compete closely. The move marks the first Phase 2 referral under Australia’s new mandatory merger regime.Australian petroleum company Ampol’s proposed acquisition of EG Australia could substantially lessen competition in the retail supply of fuel across multiple local markets and major metropolitan areas, Australia's competition watchdog warned, as it referred the deal to a Phase 2 review under the new mandatory and suspensory merger regime....

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