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KKR & Co. is providing Chandra Asri Group with $750 million for its acquisition of Exxon Mobil Corp.'s Esso-branded retail fuel stations in Singapore....
Financing will support the acquisition of ExxonMobil's Esso retail fuel station network in SingaporeSINGAPORE--(BUSINESS WIRE)--KKR, a leading global investment firm, and Chandra Asri Group (or the “Group”), a leading provider of energy, chemical, and infrastructure solutions in Southeast Asia, today announced a $750-million bespoke financing solution arranged by KKR Capital Markets and anchored by KKR's private credit and insurance platforms to Chandra Asri Group. The investment will support the Group's growth strategy and its acquisition of Esso-branded retail fuel station network from ExxonMobil in Singapore.
Established in 1992, Chandra Asri Group is a leading provider of critical energy, chemical, and infrastructure solutions to companies across Southeast Asia. The Group serves diverse industries, including manufacturing, the trading of chemicals, petrochemicals, and synthetic rubber, as well as the management of infrastructure assets. In 2024, the Group embarked on a strategic transformation ...
PT Chandra Asri Pacific Tbk has mandated KKR & Co.'s insurance business Global Atlantic to provide financing for its $1 billion acquisition of Esso-branded service stations in Singapore from Exxon Mobil Corp., according to people familiar with the matter....
PT Chandra Asri Pacific Tbk, an Indonesian energy and chemicals firm, is in talks with competing consortiums of lenders for loans to back its $1 billion purchase of Esso-branded service stations in Singapore from Exxon Mobil Corp., according to people familiar with the matter....
Indonesian sovereign wealth fund Danantara has signed a $1.42 billion heads of agreement with Chinese company GEM Co. Ltd. to develop a plant producing battery-grade nickel....
Aster Chemicals and Energy Pte, a joint venture between Indonesia's Chandra Asri Group and global commodities trader Glencore Plc, is in talks to buy oil major Exxon Mobil Corp.'s gas stations in Singapore, according to people with knowledge of the matter....
Chandra Asri Pacific's infrastructure investment unit is seeking a valuation of at least $1 billion in its planned initial public offering in Indonesia, according to people familiar with the matter....