231 days after ‘Bangchak’ announced the acquisition of ‘Esso (Thailand)’ from ExxonMobil. Until August 31, 2023, Bangchak paid up 2,283750,000 shares, representing 65.99% of all issued and paid-up ordinary shares of Esso. It is already at a price of 9.8986 baht/share, worth approximately 22,605.9 million baht.
It can be said that it closes a historic deal in the Thai energy industry and on September 1, 2023, all of Esso’s assets will become completely owned by Bangchak. 129 years
Asked how the deal will change after this. What will all stakeholders from shareholders, customers, countries, and the world get? Let’s see.
[ สมบัติเปลี่ยนมือ ]
For the next step Bangchak will make a Mandatory Tender Offer for the remaining 34.01% of Esso’s shares from Esso shareholders. Which the remaining stock purchase table period is Sep. 8 – Oct. 12, 2023 and is expected to complete payment and transactions in early Q4/23.
Although there is another portion of Esso shares that is not owned by Bangchak. But now it can be said that Esso has become Bangchak.
‘Chaiwat Kovavisarach’ Chief Executive Officer of Bangchak Group And the President of Bangchak Corporation Public Company Limited said that the first thing I saw on September 1, 2023 was that “the treasure will change hands”.
What are the properties of Esso that have been turned into the hands of Bangchak?
– oil refinery Refinery capacity 174,000 barrels per day at Chonburi Province (approximately 800 rai)
– Network of 2 depots (Sriracha and Lampang)
– 832 gas stations
– Esso office building at Khlong Toei, Bangkok, size 9,600 square meters
-Shares of Petroleum Pipeline Company Limited (Thappline) 21% and shares of Bangkok Aviation Fuel Services Public Company Limited (BAFS) 7.06%
– 7.4 million barrels of oil
[ ประเทศ บริษัท ผู้ถือหุ้น ผู้บริโภค และโลกได้อะไร ]
Acquisition of Esso Bangchak assets especially oil refinery that, when combined with Bangchak’s own It will make Bangchak the company with the highest oil refining capacity in the country, totaling almost 300,000 barrels per day.
In addition to assets, ‘Chaiwat’ said that in the corner of the country Bangchak has about 24% of shares directly and indirectly held by the Ministry of Finance and 14% by social security. What will become the property of Thai people is the refinery.
“In the past, the Bangchak refinery was about 75%. Our latest refinery is 103%. with the technology that they both have It will allow us to refine both gasoline and diesel more completely. Therefore, the country will have more opportunities and 7.4 million barrels of oil already belong to Thailand.”
in terms of consumers The number of Bangchak gas stations will increase by another 832, when combined with Bangchak’s original products, there will be almost 2,200 gas stations nationwide, which can be said to provide more comprehensive customer service.
Especially in the northern region where there are 160 Esso gas stations and 130 in the northeastern region, which are two regions where the number of Chak stations is still sparse. This will help to add. The overall picture is that it is easier for Bangchak customers to use. more comfortable From a network that is more comprehensive and strong enough
Bangchak also targets that by December 2024, the number of Bangchak gas stations should increase to 2,250 locations.
in the corner of the world ‘Chaiwat’ said that “the world will have less carbon fruit prints” because there will be logistics management. Having oil pipelines for both Bangchak and Esso It will be able to manage transportation more efficiently. The loss from transportation will be less. May use less cars to transport. which will emit less carbon
from the perspective of shareholders ‘Chaiwat’ said that during the COVID epidemic Bangchak’s revenue in 2020 was 136 billion baht, the next year moved up to 199 billion baht, and in 2022 it moved up to 312 billion baht.
It is estimated that by the end of this year it should reach 3.80 billion baht and next year after acquiring Esso. “Bangchak will become a company with half a trillion baht in revenue” means that Bangchak will become bigger, stronger and better able to meet the needs of shareholders.
[ น้ำมันของ ‘เอสโซ่’ จะไม่มีอีกต่อไป ]
As mentioned above, what Bangchak acquired from Esso. are all assets, but not ‘oil formulations’ and ‘brands’. This means that in addition to changing the Bangchak pump label to Esso And Esso’s coffee shops will no longer exist. oil to be dispensed in the pump It will also be Bangchak’s formula oil.
for replacing the gas station sign Esso owns 280 stations, of which Bangchak will change the sign starting this September. and is expected to be completed by the end of the year
The rest of Esso’s branches belong to dealers. Bangchak will go in and look at the contract and invite them to switch to Bangchak. However, the dealer can still use the ‘Esso’ brand for another 2 years.
As for the oil, according to the terms of the contract, it states that if the original Esso pump has stocks of Esso oil will be able to sell Esso oils for no more than 90 days. and when wanting to order more oil The oil obtained from midnight on September 1, 2023 is now Bangchak’s formula oil.
Customers can notice from the product name at the dispenser in the pump. If it’s a thin-chak oil The name of the product will also be the Bangchak name.
Bangchak expects that within a month, all pumps will be switched to using Bangchak oil.
‘Chaiwat’ confirms the quality of the oil that Petrol sold at the service stations is high quality oil products from the two world-class refineries of the Bangchak Group.
“All oils are environmentally friendly products. and has been quality controlled according to the standards of the Department of Energy Business. It also meets the Euro 5 standard and has octane and cetane values higher than the standards set by the Department of Energy Business.”
[ โอนคะแนนได้ ]
For Esso customers who are Esso Smiles cardmembers. Still able to collect points and redeem Esso Smile points for another year until 31 August 2024 under the same card. Or able to transfer accumulated points to be a member of Bangchak Green Miles (If not yet a Bangchak Green Miles member Must apply before transferring points)
You will receive an extra 100 bonus points if you transfer your points within 30 November 2023.
For Bangchak Green Miles cardmembers In addition to being able to use accumulated points from refueling and buying products in Bangchak Group used as a discount or other benefits according to their lifestyle You can also get the difference in fuel price that has been adjusted back as extra points when refueling on the first day of the price hike.
and donated money from the collection of points to various public benefit organizations that Bangchak has operated for 18 consecutive years in order to help make Thai society sustainable.
“Today, we are delighted to welcome our staff. Entrepreneurs and new customers from Esso to the Bangchak family Combining the quality teams of both companies will strengthen and enable them to execute on the company’s business expansion plans. to grow more quickly
“Ready to open new opportunities for customers to access products and experiences. “Greenovative Experience” through expanded service channels It combines two great forces Together To Greater to deliver the best products and experiences to customers.
“It not only benefits the business of the Bangchak Group. but also important to the overall picture of the energy business in Thailand.” Chaiwat concluded
2023-09-01 03:00:26
#workpointTODAY #Works #TODAY
