ExxonMobil's Singapore Retail Fuel Stations to be Acquired
Indonesia-based Chandra Asri Pacific will acquire ExxonMobil's network of Esso-branded retail fuel stations in Singapore.
The company will continue to operate the Singapore fuel stations under the Esso brand and purchase fuel from ExxonMobil.
- Chandra Asri will acquire nearly 60 fuel stations in Singapore.
- Associated supply agreements will also be acquired.
- All existing customer loyalty points and cards will be maintained.
Chandra Asri Group will also take on all the relevant ExxonMobil staff running the business.
The value of the deal was not disclosed.
Author's summary: Chandra Asri acquires ExxonMobil's Singapore fuel stations.