Deliberations are ongoing and Exxon could still opt to keep the assets, they said.
Aster Chemicals and Energy, a joint venture between Indonesia’s Chandra Asri Group and global commodities trader Glencore Plc, is in exclusive talks to buy oil major Exxon Mobil Corp’s gas stations in Singapore, according to people with knowledge of the matter.
The explorer has emerged as the likeliest buyer after outbidding other global rivals, and is now hammering out details of the deal such as price and transaction structure, said the people, asking not to be named as the talks are private.
