Chandra Asri Group, a leading energy and infrastructure company in Southeast Asia, has announced its acquisition of ExxonMobil’s Esso-branded retail service stations in Singapore. This strategic move, facilitated through a special purpose vehicle under its wholly-owned subsidiary, marks Chandra Asri’s entry into Singapore’s fuel retail market. The acquisition is part of the company’s long-term strategy to establish an integrated energy infrastructure in Singapore and the broader Southeast Asian region.
The President Director and CEO of Chandra Asri Group, Erwin Ciputra, emphasised the significance of this expansion, stating, “Our expansion into Singapore’s retail fuels ecosystem represents a strategic step in shaping an integrated platform for regional growth.” He highlighted Singapore’s robust fuel retail network as a compelling foundation for Chandra Asri’s ambitions to become a transformative leader in energy, manufacturing, and infrastructure solutions in the region.
Chandra Asri will continue to operate under the Esso brand and will purchase branded fuels from ExxonMobil. The company has assured that all customer loyalty points and cards will remain unchanged, and it will retain the existing ExxonMobil staff to ensure seamless continuity for customers and partners.
The transaction is pending regulatory approval and is expected to be completed by the end of 2025. This acquisition underscores Chandra Asri’s commitment to enhancing Singapore’s operational agility, energy resilience, and competitiveness as a leading regional energy hub.
