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

Core Insights - North Atlantic France SAS has successfully acquired an 82.89% controlling stake in Esso Société Anonyme Française SA for €26.19 per share and 100% of ExxonMobil Chemical France SAS, marking a significant expansion in the French energy sector [1][4] - The acquisition has received all necessary regulatory approvals, including French foreign direct investment authorization and EU Foreign Subsidies Regulation clearance, allowing for the rebranding of Esso S.A.F. to North Atlantic Energies [2][4] - North Atlantic aims to invest long-term in France, supporting the energy transition and enhancing the Gravenchon site as a world-class industrial platform [2][4] Acquisition Details - The acquisition price for Esso S.A.F. was set at €26.19 per share, with a subsequent simplified tender offer planned for the remaining shares at €28.93 per share [1][3][4] - North Atlantic France intends to implement a squeeze-out procedure if conditions are met after the tender offer [5] Future Plans - North Atlantic Energies will maintain high standards of product quality and service while continuing collaboration with ExxonMobil under long-term supply and technology agreements [2][4] - The company is committed to strategic growth and innovation in energy solutions, aiming to create new jobs and skills in the evolving energy landscape [8]