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.
- Nearly 60 stations will be acquired by Chandra Asri.
- Chandra Asri will purchase fuel from ExxonMobil.
- The petrol stations will operate under the Esso brand.
- Existing customer loyalty points and cards will be maintained.
Consumers are unlikely to be greatly impacted by the change in ownership of Esso petrol stations in Singapore.
Author's summary: Chandra Asri acquires Esso petrol stations in Singapore.
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