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Friday, May 3, 2024

Bangchak completes acquisition of Esso

Deal leads to a total of 76.3% ownership

An Esso petrol station is pictured in 2020. Bangchak plans to change the name of Esso-owned petrol stations to Bangchak next month.

SET-listed energy conglomerate Bangchak Corporation has completed its purchase of shares in Esso Thailand via a tender offer, valued at 3.54 billion baht, leading to a total of 76.3% ownership in Esso Thailand.

Bangchak earlier concluded the purchase…

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