ExxonMobil-Chandra Asri Deal: Impact on Singapore Petrol Customers
Market observers expect a "seamless changeover" with "minimal differences" when Chandra Asri acquires Esso petrol stations in Singapore.
Indonesia-based Chandra Asri will acquire ExxonMobil's Esso fuel stations in Singapore, with the deal expected to be completed by the end of the year, subject to regulatory approvals.
Chandra Asri said it will purchase fuel from ExxonMobil, operate the petrol stations under the Esso brand and maintain existing customer loyalty points and cards.
Experts told CNA that consumers are unlikely to be greatly impacted by the change in ownership of Esso petrol stations in Singapore.
- Nearly 60 stations, currently owned by ExxonMobil, will be acquired by Chandra Asri Pacific.
- The deal is subject to regulatory approvals.
Author's summary: Chandra Asri acquires Esso petrol stations in Singapore with minimal expected impact.