Chandra Asri to buy Exxon's Singapore retail fuel station network Esso

[A gas station jointly operated by Esso of ExxonMobil, Aramco, and Sinopec.]
xiaoke chen/iStock Unreleased via Getty Images

Chandra Asri Pacific has signed a sale and purchase Agreement to acquire ExxonMobil's (NYSE:XOM [https://seekingalpha.com/symbol/XOM]) Esso-branded retail fuel station network in Singapore through a special purpose vehicle under a wholly-owned subsidiary of the group, the company said on Friday.

Chandra Asri Group will continue to use the Esso brand, continue purchasing branded fuel from ExxonMobil, and maintain all existing customer loyalty points and cards.

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