Counting down the last 2 days before changing ESSO to Bangchak, it’s considered farewell to the gas station that has been with Thai people for 129 years.
On August 25, 2023, Bangchak Corporation Public Company Limited or BCP acquired 65.99% of ordinary shares of Esso (Thailand) Public Company Limited or ESSO, or equivalent to 22,600 million baht.
From this acquisition, BCP acquires an oil refinery. with a refining capacity of 174,000 barrels per day and 700 gas stations nationwide
As a result, BCP’s refining capacity increased to 294,000 barrels per day. Became a refinery with the highest refining power in Thailand Oil reserves increased by approximately 15 million barrels, resulting in increased income of 1,500-2,000 million baht.
Ready to be number 2 in the business with the highest number of gas stations in Thailand There is a 25% market share of gas stations and can expand Inthanin coffee shops to add another 700 branches, bringing the total number of branches to more than 2,100 branches.
And it is expected to buy the remaining 34% of ESSO shares, worth more than 11,600 million baht, between September 8 and October 12.
