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Chandra Asri gets $750 million from KKR to buy Exxon's Singapore fuel stations
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Chandra Asri gets $750 million from KKR to buy Exxon's Singapore fuel stations
Nov 16, 2025 6:54 PM

Nov 17 (Reuters) - Indonesia's Chandra Asri Pacific

said on Monday it has secured a bespoke $750 million

financing package from investment firm KKR to support

its purchase of ExxonMobil's ( XOM ) Esso-branded retail fuel

station network in Singapore.

Late October, the Indonesian conglomerate said it planned to

retain the Esso branding, continue sourcing fuel from

ExxonMobil ( XOM ), and integrate the existing workforce into its

operations.

Until now, Chandra Asri had not revealed financial details

of the transaction, which includes nearly 60 fuel stations along

with associated supply agreements.

The financing solution will be arranged by KKR Capital

Markets and anchored by KKR's private credit and insurance

platforms, the investment firm said in a statement.

"This transaction aligns with our focus on providing

tailored capital solutions to leading companies across Asia

Pacific, and we look forward to supporting Chandra Asri's

continued growth as it strengthens its downstream energy and

retail presence in Singapore," said SJ Lim, managing director

and head of Asia private credit at KKR.

Shares of Chandra Asri were up 1.1% at 7,075 rupiah. The

stock has roughly lost around 6% so far this year, with the firm

having a market capitalization of $36.22 billion.

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