BUZZ-Australia's Ampol gains as regulator narrows takeover concerns; oil prices support

Reuters

Mar 02

** Ampol ALD.AX rises as much as 5% to A$29.59; marks biggest intraday pct gain since mid August, 2025

** Australian Competition and Consumer Commission updates assessment on co's proposed takeover of EG Australia

** Identifies 54 EG Australia sites subject to competition concerns, lower than 115 sites flagged earlier in review

** Fuel retailer gains as oil prices soared more than 8% on escalating geopolitical tensions O/R

** YTD, ALD down 9%

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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