Ann: Viva Energy to acquire OTR Group, page-4

I may be wrong, but I do not see a major risk that they do not get the approval from ACCC.
Apart from the fact that they may have to sell some of the sites of the combined OTR-Coles Express in SA.

According to the data from their presentations, OTR and Coles Express have together around 915 sites.
Almost all Coles Express are outside SA : out of 710 sites, Coles Express had only 43 sites in SA.
While a very large part of OTR sites (205 stores) are located in SA (only 15-20 are located out of SA).

To come back to the initial post, I don't think that much has changed for Viva Energy group since they announced the OTR acquisitions on 5/4/23.
Main change according to me : large deterioration of the refining business, due both the market and the accident of their refining facility.
However, I do not see it as a major element for Viva Energy as the refining business has always been very volatile.
Perhaps, the market has discounted the risk of a lower dividend, due to expected large decrease of result for the refining business.