Chandra Asri gets US$250 million loan to fund equity in Esso deal
The financing underscores how private credit funds and traditional lenders increasingly operate side-by-side in mergers and acquisitions in Asia-Pacific Indonesian energy and…
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Esso
As EVs dominate, why are Esso petrol stations being acquired and what will the future look like?
The purchase of petrol stations – a ‘sunset’ industry – comes at a time where EV-maker BYD is outselling long-time king Toyota Indonesia’s Chandra Asri recently announced its plans to buy…
Indonesia’s Chandra Asri in talks with lenders to fund US$1 billion deal to buy Singapore’s Esso stations
Chandra Asri Pacific, an Indonesian energy and chemicals firm, is in talks with competing consortiums of lenders for loans to back its US$1 billion purchase of Esso-branded service…
Indonesia’s Chandra Asri to buy ExxonMobil’s Singapore Esso petrol kiosk chain
Chandra Asri Pacific on Friday (Oct 24) said it would acquire ExxonMobil’s network of Esso-branded retail fuel stations in Singapore. The Indonesian company said in a statement that it has…