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 nearly 60 stations changing hands.
Experts told CNA that consumers are unlikely to be greatly impacted by the change in ownership.
- The deal is expected to be completed by the end of the year, subject to regulatory approvals.
- Chandra Asri will purchase fuel from ExxonMobil and operate the petrol stations 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.