Mergers & Acquisitions Mergers & Acquisitions

EG’s plans to acquire Caltex raise regulatory questions about impact on Australian fuel prices

By Laurel Henning
  • 05 Mar 2020 19:51
  • 05 Mar 2020 19:51

UK-based transport fuel and convenience retailer EG Group’s cash and stock bid to acquire Caltex Australia is facing an informal merger review from Australia’s competition watchdog, despite Caltex’s initial rejection of the deal.

The Australian Competition & Consumer Commission, or ACCC, is seeking views on its market inquiries letter, published today (see here),

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Laurel Henning

Senior Correspondent


Laurel is a senior correspondent specializing in competition law, data privacy and security, in Australia and New Zealand. Laurel reports from Sydney on criminal-cartel legislation and white-collar crime, as well as competition and consumer lawsuits involving companies including Google, Meta Platforms and Apple. While at MLex Laurel has also reported boardroom disputes and shareholder campaigns agitating for changes to company strategy. Laurel joined MLex in 2013 and reported for five years on European energy and climate policies from Brussels. In that time, Laurel covered the regulation of emissions and technological developments pertaining to the energy sector within the EU, as well as the Paris agreement in 2015. A graduate of the University of Liverpool, Laurel studied English and French before beginning a career in journalism with MLex.

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