business
Cumberland Farms completes $830m sale of Australian business
Key takeaways
- The disposal ends Cumberland Farms' operations in Australia.
- Cumberland Farms said the proceeds will be used to fully repay its US-dollar senior secured notes, with the aim of lowering both outstanding debt and the related annual interest costs.
- The Australian Competition and Consumer Commission cleared the deal earlier this month, allowing the transaction to complete and bringing Cumberland Farms' Australian market presence to an end.
Cumberland Farms completes $830m sale of Australian business Across its markets · Retail Insight Network Shubhendu Vimal Wed, July 1, 2026 at 5:14 PM GMT+7 2 min read ALD.AX Cumberland Farms, the convenience retail arm of UK-based EG Group, has completed the sale of its Australian business to Ampol for approximately $830m (£626.59m) in cash.
The disposal ends Cumberland Farms' operations in Australia.
The company said that the transaction forms part of the wider group's plans to reduce debt and focus resources on its main growth markets in the US and Europe, where it generates most of its revenue and has the largest number of sites.
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