EG Group, a leading international operator of convenience retail, foodservice and fuel stations, today announces that it has entered into a definitive agreement to sell its Australian business to Ampol.

The transaction values the EG Australia business at an enterprise value of A$1.1 billion (subject to customary closing adjustments), comprising A$850 million of cash proceeds and A$250 million of Ampol stock. This sale will mark the Group’s exit from the Australian market, with proceeds to be used to further reduce the Group’s debt. This sale represents further progress, following the announcement of an agreement to sell EG Italy on 11 August, 2025, in the Group’s strategy to develop its core market operations, strengthen its balance sheet and reduce leverage.

Russ Colaco, CEO of EG Group, said:

“This transaction is a significant milestone in our ongoing efforts to streamline EG Group’s global portfolio and sharpen our focus on the markets where we see the largest growth opportunities. I would like to sincerely thank the Australian leadership team and all our colleagues for their significant contributions to the business.

“We remain fully focused on executing our strategy and building a platform for further growth, with our world-class grocery & merchandise, foodservice and fuel retail proposition.”

The Australian transaction is subject to antitrust and other standard regulatory approvals, with completion expected by mid 2026. BofA Securities acted as exclusive financial advisor and Gilbert + Tobin as legal advisor to EG Group on the transaction.

About EG GROUP

EG Group is one of the world’s leading independent convenience retailers with an extensive network of sites across international markets in the United Kingdom & Ireland, Continental Europe, Australia and the United States of America.

About Ampol

Ampol is an independent Australian company and the nation’s leading transport energy provider.