Bangchak to gain from acquisition of Esso system

Bangchak to gain from acquisition of Esso system

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Company anticipates B3bn in extra profits by 2025 PUBLISHED : 19 Sep 2023 at 21: 02 Chaiwat Kovavisarach, chief executive officer and president of Bangchak Corporation, reveals the purchase contract worth 22.6 billion baht for a 65.99% stake in Esso Asia Holdings last month. The Thai energy company is obtaining the staying shares in Esso through a tender deal in the stock market. (Photo: Bangchak Corporation) The SET-listed energy corporation Bangchak Corporation Plc (BCP) anticipates to create synergy by integrating its organization with Esso Thailand and preparesfor acquiring an extra 3 billion baht by 2025 following its current acquisition of the business. BCP strategies to relabel all Esso-owned fuel stations to Bangchak in November. The relocation follows the conclusion of the purchase of a 65.99% share in Esso Thailand from
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