Aster Chemicals plans to bid on Exxon Mobil's Singapore petrol stations for $1 billion

From Yahoo Finance.: 2025-04-25 01:15:00

Aster Chemicals and Energy plans to bid for Exxon Mobil’s Singapore petrol stations to expand retail fuel sales outlets. The sale, valued at $1 billion, has attracted private equity firms’ interest. Exxon’s exit from Singapore’s retail fuel sector aligns with the government’s plan to reduce emissions by adopting electric vehicles. Barclays is advising Exxon on the deal. Aster recently acquired Shell’s refining assets in Singapore, excluding petrol stations. Both companies declined to comment on the matter.



Read more at Yahoo Finance.: Exclusive-Aster Chemicals to bid for Exxon Mobil’s Singapore fuel stations, sources say