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 fuel stations under the Esso brand, purchasing fuel from ExxonMobil and maintaining existing customer loyalty points and cards.
Chandra Asri Group will also take on all the relevant ExxonMobil staff running the business.
- Nearly 60 fuel stations in Singapore will be acquired.
- Associated supply agreements will also be acquired.
The value of the deal was not disclosed.
Author's summary: ExxonMobil sells Singapore fuel stations.
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