Metro Petroleum – Retail sites part of divestiture remedy from Ampol-EG acquisition

Dib Group Pty Limited (Dib Group) proposes to acquire 41 retail fuel sites from Ampol Retail Holding Pty Ltd , a wholly owned subsidiary of Ampol Limited (Ampol), as part of Ampol’s proposed remedy offered to the ACCC in relation to its acquisition of all of the issued shares in each of EG Group Australia Pty Ltd and EG AsiaPac Holdings Pty Ltd (Ampol EG Acquisition).

The acquirer, Dib Group, is an independent fuel retailer which operates a network of over 300 retail fuel and convenience sites across New South Wales, Victoria, Queensland and Western Australia, under the Metro Petroleum (Metro) brand. Metro is also involved in wholesale petroleum supply, fuel logistics and distribution, and related petroleum industry activities.

The vendor, Ampol, is a vertically integrated fuel company with upstream fuel production and importing assets, wholesale supply and distribution facilities and a network of retail fuel and convenience sites across Australia.

Ampol owns the Lytton refinery in Brisbane, Queensland, where it refines imported crude oil, and a number of terminals nationwide through which it imports finished petrol products from overseas refineries and trading houses.

Ampol operates retail sites under both the Ampol brand and the U-GO brand. Ampol branded sites are full-service sites with fuel and convenience offerings. Launched in 2023, the U-GO branded sites are low cost, unstaffed self-service sites selling only fuel and with no convenience offering. Ampol owns and operates 576 sites under the Ampol brand, and 46 under the U-GO brand.

Metro and Ampol are both active in the retail and wholesale supply of fuel, and the retail supply of convenience products in Australia.