North Atlantic Plans to Acquire ExxonMobil's Shares in Esso S.A.F.
North Atlantic has announced the anticipated date for the acquisition of ExxonMobil's stakes in Esso S.A.F., subject to obtaining the remaining approvals.
Acquisition Details
According to North Atlantic France SAS, the completion of the acquisition of ExxonMobil's shares in Esso S.A.F. and ExxonMobil Chemical France SAS is scheduled for November 28, 2025, provided that all required regulatory approvals are obtained. Financing agreements must also be finalized for the transaction to proceed on this date.
Financial Terms
Under the agreement reached between North Atlantic and ExxonMobil, the purchase price for Esso S.A.F. shares would be 26.19 euros per share, if the transaction is completed on November 28, 2025. For the minority shareholders of Esso S.A.F., a mandatory public offer is planned with a price set at 28.93 euros per share.
Operational Continuity
Esso S.A.F. is committed to maintaining the continuity of its operations and serving its customers during this transition period. The company has emphasized its full involvement to ensure a smooth transition during the change of control process.
