Aster completes overnight rebranding of Esso stations across Singapore
Move marks the operational conclusion of its $1 billion acquisition of ExxonMobil's roughly 60-station retail network.
Aster, the joint venture between Indonesia's Chandra Asri Group and Glencore, has completed the system changeover for its newly acquired Esso-branded service stations across Singapore, marking the operational conclusion of its $1 billion acquisition of ExxonMobil's roughly 60-station retail network.
Group CFO and Deputy CEO Andre Khor visited several stations overnight to observe the transition firsthand, thanking staff and partners for what he described as "exceptional teamwork, commitment, and resilience" during months of planning that culminated in an overnight execution.
"A transition of this scale does not happen on its own," Khor said, crediting collaboration with ExxonMobil Singapore, Cold Storage Singapore, and FairPrice Group for ensuring customers experienced continuity from day one.
The changeover follows ExxonMobil's move to a branded wholesale model in Singapore, with Aster continuing to operate stations under the Esso brand while sourcing fuel from ExxonMobil and honoring existing loyalty programs.
The deal builds on Aster's earlier acquisitions of Shell's Pulau Bukom and Jurong Island energy and chemicals park and Chevron Phillips Singapore Chemicals' Jurong Island facility, giving the venture a vertically integrated position spanning refining, petrochemicals, and retail mobility in one of Southeast Asia's key energy hubs.
