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Chandra Asri says it will buy ExxonMobil’s Singapore retail fuel stations

Chandra Asri says it will buy ExxonMobil’s Singapore retail fuel stations

By Swedan Margen

Fashion

Published Fri, Oct 24, 2025 · 01:10 PM — Updated Fri, Oct 24, 2025 · 01:22 PM

Chandra Asri Pacific said on Friday it would acquire ExxonMobil’s network of Esso-branded retail fuel stations in Singapore.

“The company has entered into a Sale and Purchase Agreement to acquire ExxonMobil’s network of Esso-branded retail service stations in Singapore through a special purpose vehicle under its wholly-owned subsidiary,” the company said in a statement.

The deal, which includes nearly 60 stations and associated supply agreements, is expected to be completed by the end of this year, subject to regulatory approvals. The value of the deal was not disclosed.

The announcement confirms a Reuters report in April that the company was in talks with ExxonMobil to buy the assets as the US energy firm was seeking to exit the city-state’s retail fuel market. REUTERS

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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