Chandra Asri gets $750 million from KKR to buy Exxon's Singapore fuel stations
KKR(US:KKR) Reutersยท2025-11-17 02:38Core Insights - Indonesia's Chandra Asri Pacific has secured a $750 million financing package from KKR to support its acquisition of ExxonMobil's Esso-branded retail fuel stations [1] Company Summary - The financing package is specifically tailored to facilitate the purchase of ExxonMobil's retail fuel stations, indicating a strategic move by Chandra Asri Pacific to expand its market presence in the fuel retail sector [1] Industry Summary - The acquisition of ExxonMobil's Esso-branded stations reflects ongoing consolidation trends within the fuel retail industry, as companies seek to enhance their operational scale and market share [1]