The transactions involves the sale of approximately 500 Australian fuel and convenience sites and marks EG Group’s strategic exit from the Australian market. Proceeds from the deal will support EG Group’s broader plan to streamline operations and reduce global debt. The transaction is subject to ACCC clearance (amongst other conditions).
The G+T team was led by Corporate Advisory Partners Peter Cook and Ilona Hunnisett and Competition Partner Andrew Low, with support from Amanda Hempel (Real Estate), Andrew Hii (Technology and Intellectual Property) and Anna Smyth (Technology and Intellectual Property).
Peter Cook commented:
We’re delighted to have supported EG Group on a transaction of this scale, complexity and significance and to have the opportunity to work closely with an exceptional group of EG executives both offshore and in Australia. This transaction is a key step in EG Group’s plan to streamline its global portfolio while presenting Ampol with a significant growth opportunity in the fuel and convenience space going forward. The deal also reflects the strength and depth of our team across all key areas.
