Billionaire Prajogo Pangestu’s Chandra Asri Gets $750 Million Funding From KKR For Esso Singapore Deal
PositiveFinancial Markets
- Chandra Asri has received $750 million from KKR to facilitate its Esso Singapore deal, marking a significant step in its investment strategy in Singapore. This funding comes on the heels of the company's acquisition of Shell's refinery and petrochemical assets, showcasing its aggressive expansion in the region.
- This development is crucial for Chandra Asri as it reinforces its position in the competitive petrochemical market, allowing for enhanced operational capabilities and potential revenue growth. The funding will enable the company to further solidify its investments in Singapore, a key market for its future plans.
- While there are no directly related articles, the funding and acquisition strategies reflect a broader trend in the industry where companies are seeking to strengthen their market presence through significant investments. This pattern underscores the importance of strategic funding in achieving growth objectives in the petrochemical sector.
— via World Pulse Now AI Editorial System
