ExxonMobil: acquisition of Indonesian lubricants company
(CercleFinance.com) - ExxonMobil has announced an agreement to acquire Federal Karyatama (FKT), one of the leading suppliers of motorcycle lubricants in Indonesia, including the Federal Oil brand and a 700,000 barrel a year mixing site in Cilegon.
Purchased from Mitra Pinasthika Mustika Tbk for an unspecified amount, FKT has a national distribution network including approximately 40 dealers, 3,200 Federal Oil Centers and over 10,000 retailers in Indonesia.
The US oil and gas giant expects this deal to be finalised - subject to the green light from shareholders and governmental and regulatory authorities, in the third quarter of 2018 at the latest.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Purchased from Mitra Pinasthika Mustika Tbk for an unspecified amount, FKT has a national distribution network including approximately 40 dealers, 3,200 Federal Oil Centers and over 10,000 retailers in Indonesia.
The US oil and gas giant expects this deal to be finalised - subject to the green light from shareholders and governmental and regulatory authorities, in the third quarter of 2018 at the latest.
Copyright (c) 2018 CercleFinance.com. All rights reserved.