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Bangkok Post

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MYSTERIOUS: Bangchak fuels north asia push with b9bn caltex petrol stations deal - What They Never Told You

Bangchak Caltex Petrol North Asia Asia Hong Kong Chaiwat Kovavisarach Thailand Chevron

A Hong Kong petrol station operated by Caltex. Thailand’s Bangchak will retain the brand after buying Chevron’s local business in a HK$2.1 billion (9 billion baht) deal as part of its regional expansion strategy. (Photo: South China Morning Post)

One of Thailand's largest energy conglomerates has bought Caltex petrol stations in Hong Kong in a HK$2.1 billion (9 billion baht) deal, which the firm will use as a springboard into North Asia.

Bangchak Corporation Plc on Tuesday completed the acquisition of 100% of the shares of Chevron Hong Kong from Chevron Companies (China), according to a Bangchak statement.

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