0112 GMT - Ampol's A$1.1 billion deal to buy gas-station owner EG Australia pushes out the prospect of special dividends, but the trade-off seems sensible to Macquarie. Ampol will largely fund the transaction using A$800 million of cash and the issue of A$250 million of equity to the vendor. It means Ampol will transition from supplying fuels to the EG gas stations, to running the sites. "The EG opportunity, coupled with U-GO strategy, places Ampol back on a structural earnings growth trajectory (in non-refining)," Macquarie says. U-GO is Ampol's experiment with unmanned gas stations. Macquarie retains a neutral call on Ampol. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
August 14, 2025 21:12 ET (01:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.