Chandra Asri Group to Acquire ExxonMobil's Esso Retail Fuel Station Network in Singapore

PT. Chandra Asri Pacific Tbk (Chandra Asri Group), a leading energy, chemicals, and infrastructure solutions provider in Southeast Asia, announced that it has signed a Sale and Purchase Agreement to acquire ExxonMobil's Esso-branded retail fuel station network in Singapore through a special purpose vehicle under a wholly-owned subsidiary of the Group. This strategic acquisition aligns with the Company's long-term growth strategy, which focuses on developing integrated energy infrastructure for the energy and mobility solutions market in Singapore and Southeast Asia.

This acquisition marks an important step in Chandra Asri Group's regional expansion, leveraging Singapore's robust retail fuel network and strong business climate as a solid foundation for growth. President Director & CEO Erwin Ciputra emphasized that this move strengthens the company's position as a leader in energy solutions, manufacturing, and infrastructure in the region. 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.