Aster Chemicals and Energy is planning to bid for Exxon Mobil's (XOM) network of fuel stations in Singapore, Reuters reported Friday, citing unnamed sources familiar with the matter.
Binding offers for the retail outlets are due in May, with the network of 58 fuel kiosks valued at roughly $1 billion, according to the report.
Barclays (BCS) is advising Exxon Mobil on the deal, Reuters reported.
Exxon Mobil, Barclays, and Aster Chemicals and Energy did not immediately respond to MT Newswires' requests for comments.
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