24 Oct 2025

"Baker McKenzie Advises Chandra Asri Group on Acquisition of ExxonMobil's Esso Retail Fuel Stations in Singapore"

"Baker McKenzie has advised PT Chandra Asri Pacific Tbk on its acquisition of ExxonMobil's Esso-branded retail fuel stations in Singapore. This strategic move aligns with Chandra Asri Group's growth strategy in the energy and mobility sector in Southeast Asia. The legal team, led by M&A principals Shirin Tang and Ting Xiao Hui, utilized expertise from various practice areas to support the transaction, highlighting Baker McKenzie's strong multidisciplinary capabilities. The firm has been recognized for its transactional expertise, recently winning the "International Deal Firm of the Year" at the 2025 Asian Legal Business Awards."

Baker McKenzie participated in the transaction by advising PT Chandra Asri Pacific Tbk (Chandra Asri Group) on its acquisition of ExxonMobil’s network of Esso-branded retail fuel stations in Singapore. The transaction involved a Sale and Purchase Agreement that aligns with Chandra Asri Group’s long-term growth strategy, focusing on the development of integrated energy infrastructure for the energy and mobility solutions market in Singapore and Southeast Asia. The Baker McKenzie team advising Chandra Asri Group was led by Singapore M&A principals Shirin Tang and Ting Xiao Hui, along with local principal Mark Tay. They were supported by associates Rachel Chan and Precia Lian, and trainee Ryan Koh. The multidisciplinary team included key members from various practice areas: - Real Estate: Geraldine Ong, Tan En Lai, and Michelle Koh - Competition and Trade: Stephen Crosswell, Ken Chia, Poh Lip Hang, Vivian Tsang, and See Yongsong - Regulatory: Ken Chia, Daryl Seetoh, and Maulik Mittal - Intellectual Property: Andy Leck and Natalie Huang - Finance & Projects: Ang Kim Hock, Simonette Santos, Hanh SeungPyo, and Qian Yanshan - Employment: Kelvin Poa, Ng Zhao Yang, and Averill Chow This transaction highlights Baker McKenzie’s capability to leverage its top-tier lawyers across various practices to achieve exceptional results for its clients.
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