Ampol Shares Reach 52-Week High, Investors Watch Next Moves After $1.1 Billion Mark
Ampol Ltd. rose 1.47% to A$36.55 Tuesday, hitting a one-year high after regulators cleared its A$1.1 billion EG Australia acquisition. The S&P/ASX 200 slipped 0.24%. The ACCC required Ampol to sell 41 fuel sites to address competition concerns. Ampol aims to close the deal by June 30 and targets up to A$80 million in cost savings.