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Chandra Asri talking to lenders to fund $1.3b purchase of Esso stations in S'pore

The Straits Times

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October 29, 2025

Indonesia’s Chandra Asri Pacific is in talks with competing consortiums of lenders for loans to back its US$1 billion (S$1.3 billion) purchase of Esso-branded service stations in Singapore from ExxonMobil, according to people familiar with the matter.

Chandra Asri is in talks with Global Atlantic, the insurance arm of KKR & Co, for a US$750 million facility, the people said, with Chandra Asri funding the remaining US$250 million using its own equity.

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