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Chandra Asri Pacific to buy ExxonMobil’s 59 Singapore Esso stations, ending its retail presence there.
Chandra Asri Pacific has agreed to acquire ExxonMobil’s nearly 60 Esso-branded petrol stations in Singapore, marking ExxonMobil’s exit from the country’s retail fuel market.
The deal, pending regulatory approval, is expected to close by year-end and includes supply agreements and loyalty programs.
Chandra Asri will operate the stations under the Esso brand, maintaining current services and staff.
The transaction supports Chandra Asri’s regional expansion, while ExxonMobil continues operating its manufacturing site in Singapore and plans to cut 10% to 15% of its local workforce by 2027 as part of a global restructuring.
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Chandra Asri Pacific comprará las 59 estaciones Esso de ExxonMobil en Singapur, poniendo fin a su presencia minorista allí.