North Atlantic France SAS successfully completes the acquisition of a controlling stake in Esso Société Anonyme Française SA and of 100% of ExxonMobil Chemical France SAS, two independent companies of the ExxonMobil group
North Atlantic France SAS successfully completes the acquisition of a controlling stake in Esso Société Anonyme Française SA and of 100% of ExxonMobil Chemical France SAS, two independent companies of the ExxonMobil group Leave a reply Paris, FRANCE, Nov. 28, 2025 (GLOBE NEWSWIRE) — North Atlantic France SAS successfully completes the acquisition of a controlling stake in Esso Société Anonyme Française SA and of 100% of ExxonMobil Chemical France SAS, two independent companies of the ExxonMobil group Successful completion of the acquisition by North Atlantic France SAS (“North Atlantic France”) of the 82.89% controlling interest of ExxonMobil France Holding SAS (“ExxonMobil”) in French listed company Esso Société Anonyme Française SA (“Esso S.A.F.”) at €26.19 per share and 100% of unlisted company ExxonMobil Chemical France SAS (“EMCF”) Clearance of both French Foreign Direct Investment authorization and EU Foreign Subsidies Regulation Esso S.A.F. now operating under its new name: North Atlantic Energies North Atlantic reaffirms its long-term commitment to the Gravenchon site, its employees, and France’s energy and industrial future Mandatory tender offer to be launched for the remaining Esso S.A.F. shares at €28.931 per share Paris, FRANCE – November 28, 2025 – North Atlantic France today announces the successful closing of its acquisition of an 82.89% controlling interest in Esso S.A.F. at €26.19 per share and 100% of EMCF from ExxonMobil following a competitive auction process initiated in 2024. The transaction has received all required regulatory approvals, including French foreign direct investment authorization and clearance under the EU Foreign Subsidies Regulation. As of today’s closing, Esso S.A.F. is renamed North Atlantic Energies, paving the way for the beginning of a new chapter for a key player of France’s energy and industrial landscape. Ted Lomond, President and CEO of North Atlantic Group, said: “This acquisition represents a major step forward in