Jakarta. PT. Chandra Asri Pacific Tbk (Chandra Asri Group), the leading energy, chemical and infrastructure solutions company in Southeast Asia, today announces that it has entered into a Sales and Purchase Agreement to acquire ExxonMobil’s network of Esso-branded retail service stations in Singapore through a special purpose vehicle under its wholly-owned subsidiary.

Chandra Asri Group’s acquisition of the Esso retail network aligns with the company’s long-term growth strategy, which focuses on establishing an integrated energy infrastructure for Singapore and Southeast Asia’s energy and mobility solutions market.

President Director and CEO of Chandra Asri Group, Erwin Ciputra, said, “Our expansion into Singapore’s retail fuels ecosystem represents a strategic step in shaping an integrated platform for regional growth. Singapore’s robust fuel retail network and business environment provide a compelling foundation for Chandra Asri Group to advance as a transformative energy, manufacturing, and infrastructure solutions leader in Southeast Asia. Together with Aster, through our integrated infrastructure of oil refinery and advanced downstream manufacturing infrastructure, we aim to strengthen Singapore’s operational agility, energy resilience, and competitiveness as a leading regional energy hub.”

Chandra Asri Group will continue to use the Esso brand and buy branded fuels from ExxonMobil. All customer loyalty points and cards will continue unchanged. Chandra Asri Group will also take on all the relevant ExxonMobil staff running the business.

The transaction is subject to regulatory approval and is aiming to be completed by the end of 2025.