Esso S.A.F. Advances in Acquisition by North Atlantic France
Esso S.A.F. has reached a significant milestone in its acquisition project by North Atlantic France SAS.
Appointment of Independent Expert
Following the recommendation of the ad hoc committee, Esso S.A.F. has appointed Ledouble SAS as the independent expert to evaluate the public takeover bid proposed by North Atlantic. Represented by Agnès Piniot and Romain Delafont, the expert will prepare a report on the financial conditions of the offer. This review will include all the shares of Esso S.A.F. not yet owned by North Atlantic. Compliance with articles 261-1 and subsequent of the AMF regulation is ensured, and the first step of this mission was formalized on October 8, 2025, with the signing of the mission letter.
Intention for Mandatory Withdrawal Procedure
North Atlantic has indicated its intention to initiate a mandatory withdrawal procedure, subject to legal conditions being met at the end of the offer. The independent expert will present their findings in a report that will be included in Esso S.A.F.'s response note project. This document will then be filed with the AMF, thus enhancing the transparency and diligence required in such transactions.
General Shareholders' Meeting and Transaction Finalization
The mixed general shareholders' meeting of Esso S.A.F. is scheduled for November 4, 2025. The transaction is expected to be finalized by the end of the year 2025, subject to obtaining the necessary regulatory approvals and concluding certain financing agreements. Despite this period of transition, Esso S.A.F. affirms its focus on continuing its operations and serving its customers.
