BANGKOK -- Thai state-owned gas retailer Bangchak said on Thursday it had begun the process of acquiring a controlling 65.99% stake in Esso Thailand from ExxonMobil Asia Holdings.
Energy
Thai oil retailer takes control of ExxonMobil unit
Acquisition to give Bangchak the nation's largest gas station network
Bangchak's share price jumped 7.8% on Thursday on news that it was adding refining capacity and doubling the number of its gas stations. (Source photos courtesy Bangchak and Reuters)
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