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Bangkok Post
Bangkok Post
Business

Bangchak acquires most of Esso Thailand

Bangchak BCP ExxonMobil Thailand Bangchak Corporation Plc Chaiwat Kovavisarach Bangchak Corporation SET Asia
Executives of Bangchak Corporation plc and ExxonMobil pose for pictures when they sign an agreement on the acquisition in Bangkok on Wednesday. From left, they are BCP senior executive vice president Bundit Hansapaiboon, BCP CEO and president Chaiwat Kovavisarach, ExxonMobil M&A manager John Colling and Ong Hoon, director of ExxonMobil Asia Holdings. (Photo: Bangchak Corporation)

SET-listed Bangchak Corporation Plc (BCP) has acquired a 65.99% stake worth 55 billion baht in Esso Thailand mainly from ExxonMobil Asia Holdings Pte.

Energy conglomerate BCP informed the Stock Exchange of Thailand (SET) on Thursday that its board of directors on Wednesday unanimously approved the acquisition. 

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