Ampol nears $656 million deal to buy EG Group's Australian fuel stations, AFR reports
The deal, which is expected to be finalized soon, will be financed through a combination of cash and shares, with UBS advising Ampol, according to the AFR report.
Ampol did not immediately respond to Reuters' request for a comment.
Ampol has been actively acquiring fuel networks in recent years, including Z-Energy and SeaOil, although some assets such as Gull NZ were later divested.
This deal could elevate Ampol's standing alongside Viva Energy, positioning the two as Australia's largest petrol station operators with around 1,300 sites each, the report added.
The company's shares were placed in a trading halt at the start of the day's session.
($1 = 1.5237 Australian dollars)
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